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HItachi to strengthen Energy Solutions Business with the Aquisiction of ABB's Power Grids Business

Saturday, January 12, 2019

Hitachi Ltd. and ABB have recently announced that Hitachi will acquire 80.1% of ABB’s Power Grids unit in an $11 billion deal. Hitachi plans to close the purchase in the first half of 2020, making Power Grids a consolidated subsidiary.

Hitachi has entered into a purchase option to acquire the remaining 19.9% stake in Power Grids and make the business a wholly-owned subsidiary. Read more