ABB Selling Power Grids Division to Hitachi

ABB

 Dec 18, 2018

ABB has reached a deal with Hitachi to sell an 80.1% stake in its Power Grids division, which makes transformers, long distance electricity-transmission systems and energy storage units. ABB will now concentrate on four leading sectors, including robotics and automation, and simplify its organizational structure. The company will disclose more details at a fourth-quarter earnings announcement in February.

ABB’s Power Grids division is worth an estimated US$11 billion. No major job cuts are expected. 

ABB says it will now focus on four leading sectors and simplify its organizational structure. Expect more details when ABB makes a fourth-quarter earnings announcement in February.

The sale will advance Hitachi Chief Executive Officer Toshiaki Higashihara’s efforts to overhaul the diversified company and become a top provider of grid equipment as prospects for nuclear power become increasingly uncertain. 

As energy systems decentralize and the growth of renewable energy and electric vehicles foster new business models, the purchase will enable Hitachi to build an energy platform by combining ABB’s power grids business with Hitachi’s digital technology. Hitachi anticipates the power transmission and distribution market will grow to US$100 billion by 2020 and benefit from demand for electric cars, storage batteries and renewable energies.

Related Articles


Latest Articles


Changing Scene

  • SurgePure Corporation Expands into the Mid-West with New Representation Partner, Advance Electrical Agency

    SurgePure Corporation Expands into the Mid-West with New Representation Partner, Advance Electrical Agency

    August 1, 2025 SurgePure Corporation is proud to announce its new partnership with Advance Electrical Agency, who will represent the company across Saskatchewan, Manitoba, and Western Ontario. Led by principals Darren Churchwell and Bob Fiesel , the Advance team is part of a well-established agency known for representing some of the most respected manufacturers in… Read More…

  • Munden Partners with Valid Manufacturing in Atlantic Canada

    Munden Partners with Valid Manufacturing in Atlantic Canada

    August 1, 2025 Munden Enterprises has announced that they are back in the custom enclosure business through a new partnership with Valid Manufacturing Ltd. Expect Canadian-made, engineered solutions for industrial, utility, transportation, wastewater, renewables, and beyond. Whether you need a bare enclosure or a fully assembled panel, Munden is here to help. Reach out to… Read More…

  • JEHS Joins Forces with NOARK to Deliver Smarter Electrical Solutions in Ontario

    JEHS Joins Forces with NOARK to Deliver Smarter Electrical Solutions in Ontario

    August 1, 2025 NOARK Electric is pleased to announce a new partnership with Cambridge, Ontario based manufacturing representitive, JEHS. This strategic collaboration will expand NOARK’s reach and customer support across Ontario and beyond, bringing reliable and innovative electrical solutions to a wider audience. With over 50 years of combined sales experience, JEHS brings a strong… Read More…

  • BC Hydro Making it Easier and More Affordable to Connect New Homes

    BC Hydro Making it Easier and More Affordable to Connect New Homes

    July 24, 2025 BC Hydro is supporting the construction of new housing developments in growing communities by advancing changes to streamline upgrades and reducing the cost of new customer connections to BC Hydro’s electricity grid. “As communities across B.C. grow, so does the need for essential housing. We are committed to ensuring we’re ready to… Read More…