ABB Group.
Swedish-Swiss robotics and electrical equipment company
ABB to pay $495 million for 51 percent stake in Mitsubishi venture
ABB will invest about $495 million for a 51% stake in a joint venture combining Mitsubishi Electric’s low-voltage power distribution business with ABB’s technology and sales network. The deal, expected to close in the second half of 2027, is intended to strengthen ABB’s position in Japan and expand its reach across Asia-Pacific; ABB will have an option to acquire full ownership later.
Business · 11 sources · Oct 20, 2026Read it
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About ABB Group
ABB Group is a Swedish-Swiss technology company, that operates in the fields of electrification and automation. The company was formed in 1988 from the merger of two electrical engineering companies, ASEA of Sweden and Brown, Boveri & Cie (BBC) of Switzerland.
Everything about ABB Group →- Country
- Switzerland
- Headquarters
- Zurich, Västerås
- Inception
- February 8, 1988
- Website
- https://global.abb/