Tag: Timo Ihamuotila

ABB to sell remaining stake in Hitachi Energy to Hitachi

ABB, a global technology company, has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between…