Hitachi ABB Power Grid JV Established to Create New Global Leader in Power Industry
2020-07-03

Complementary product portfolio and technical capabilities to ensure business continuity while increasing customer value and bringing new opportunities for growth.

On July 1, Hitachi Ltd. and ABB Ltd. jointly announced the establishment of Hitachi ABB Grid Ltd. The parties signed the agreement on December 17, 2018[1] and have completed all required procedures as planned. Hitachi will hold 80.1% of the shares in the new joint venture, with the remaining shares held by ABB.

The joint venture was created by two widely respected companies to create a new global leader in the power industry. The combination with Hitachi will allow the new company to further expand its business in a variety of areas including transportation, smart cities, industry, energy storage, and data centers. opportunities to secure financing support for large-scale projects and enter Japan, the world's third-largest economy.

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Hitachi ABB Power Grid JV Established to Create New Global Leader in Power Industry2020-07-03

Hitachi ABB Power Grid JV Established to Create New Global Leader in Power Industry
2020-07-03