Hitachi’s purchase of ABB’s Power Grids business to be complete in first half of 2020

By WPED Staff Hitachi, which announced in December 2018 it would acquire ABB’s power grids business, expects to complete the purchase in the first half of 2020. Hitachi will acquire an 80.1% stake in the power grids business, making it a consolidated subsidiary. Hitachi has entered into a purchase option to acquire the remaining 19.9% stake, making Power Grids a wholly-owned subsidiary eventually.
As a result of this agreement, Hitachi will offer innovative energy solutions globally by combining ABB’s world-class offerings, including advanced digital grid solutions, with Hitachi’s digital technology. In addition, Hitachi aims to build an energy platform that connects various fields such

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