ABB to Invest $495M for 51% Stake in Newly Carved-Out Company
ABB plans to invest $495 million to acquire a 51% stake in a newly carved-out company.
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04:49:16 AM UTC
SquawkNews
ABB will acquire a 51% stake in Mitsubishi Electric’s carved-out low-voltage power distribution business for ¥79B (~$495M), with full ownership option, and take related ex-Japan sales. Closing is expected in H2 2027, subject to approvals.Material DetailsContext by AI AnalystThis is a strategic expa…