1. Hitachi to Acquire ABB Power Grid Business in US$11bn 'Turning Point' for Energy Market

    Hitachi to Acquire ABB Power Grid Business in US$11bn 'Turning Point' for Energy Market

    Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion deal which cements its position in the energy solutions sector. Hitachi is to acquire an 80.1% stake in the power grids division and has also entered into a purchase option for the remaining 19.9% share, turning power grids into a wholly-owned subsidiary of Hitachi.

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