Tokyo, September 30, 2022 --- Hitachi, Ltd. (TSE: 6501, Hitachi) today announced that it has signed a share transfer agreement with ABB Ltd (SIX: ABBN, ABB) to acquire 19.9% of the shares of Hitachi Energy Ltd. (Hitachi Energy), a consolidated subsidiary, from ABB to make the company a wholly owned subsidiary. On December 17, 2018, Hitachi and ABB signed the acquisition agreement for 80.1% of the shares of the company operating power grids business (now Hitachi Energy) that had been carved out from ABB*1 . On July 1, 2020, Hitachi acquired 80.1% of the shares of the company* 2 . Hitachi has exercised its call option that was agreed in the original agreement. The total acquisition price for the remaining shares will be US$1.679 billion (approximately JPY218 billion*3 ) based on the business valuation at the time of acquisition and the transfer will be completed by the end of December 2022, subject to regulatory approvals.
Since establishing the consolidated subsidiary, Hitachi and Hitachi Energy have combined the global industry-leading power grids business with Hitachis digital technologies to provide Lumada solutions such as Lumada Inspection Insights for the inspection, monitoring, and optimization of critical assets, and Lumada Asset Performance Management which provides health and performance insights to prevent critical asset failures while optimizing asset lifecycle costs. Further synergies created by the two companies include the awards of large HVDC orders through enhanced collaboration.
By making Hitachi Energy a wholly owned subsidiary, Hitachi intends to further accelerate synergies and innovation through the fusion of the two companies as the global power market undergoes an unprecedented period of change in preparation for the energy transition. To achieve Hitachis Mid-term Management Plan 2024, the acquisition will also accelerate the creation of synergies in the areas of rail solutions and digital systems and services, such as Hitachi Vantara and GlobalLogic, where collaboration is already underway, as well as in the field of connective industries.
This acquisition will have no impact on Hitachi's consolidated financial forecast for the fiscal year ending March 31, 2023. Hitachi and ABB will continue to pursue comprehensive collaboration after this acquisition.
We are pleased with the progress of Hitachi Energy, and we look forward to supporting the Hitachi Energy 2030 Plan, as announced during Hitachi Investor Day 2022, said Yoshihiko Kawamura, Executive Vice President and Executive Officer, CFO of Hitachi, and the Chair of the Board of Hitachi Energy.
Electricity will be the backbone of the entire energy system and the urgency of the energy transition requires us to collaborate and innovate across stakeholders and sectors, and the good news is that we can act now. Hitachi and Hitachi Energy have been generating synergies by combining digital and energy technologies that are contributing to the global energy transition. We will accelerate the drive for synergies, digitalization and service and will continue to offer deployment of both IT and operational technology (OT) at scale and with speed, as we are advancing a sustainable energy future for all, said Claudio Facchin, Senior Vice President and Executive Officer, CEO of Power Grids Business Unit of Hitachi, and CEO of Hitachi Energy.
*1 News Release dated December 17, 2018: Hitachi to Strengthen Energy Solutions Business with the Acquisition of ABBs Power Grids Business
https://www.hitachi.com/New/cnews/month/2018/12/f_181217.pdf
*2 News Release dated July 1, 2020: Hitachi Completes Acquisition of ABB's Power Grids Business; Hitachi ABB Power Grids Begins Operation
https://www.hitachi.com/New/cnews/month/2020/07/f_200701.pdf
*3 Calculations based on the assumed FX rate for the second to fourth quarter of the fiscal year ending March 31, 2023, announced on July 29, 2022, US$1 = JPY130
Overview of Hitachi Energy
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
01/05/2026
January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...
01/04/2026
January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION
Douyin Users Can Now Create And Share Videos With Stun...
13/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
13/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
13/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
13/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
13/01/2026
Luxembourg, December 17, 2025 - SES S.A. ( SES or the Company ), a leading spa...
12/01/2026
Sports and Music Unite: A Look Back at the Operationally Ambitious FIFA Club Wor...
12/01/2026
Nielsen Panel Discussion Highlights World Cup Impact for FOX, Telemundo, MetLife...
12/01/2026
FIFA President Infantino Highlights How AI Will Impact 2026 FIFA World Cup and B...
12/01/2026
Baltimore Ravens' Jack Dana on Telling a Better Story With Media Management ...
12/01/2026
FOX Sports' Brad Cheney on Spectrum Debate's Impact on the Sports-Produc...
12/01/2026
Spotify's new co-CEOs, Alex Norstr m and Gustav S derstr m, start off the new year with a message of renewed leadership, creative responsibility, and what&#...
12/01/2026
At Spotify, we listen to a lot of music. And every year, our global editors and artist partnerships teams come together to spotlight the emerging voices we beli...
12/01/2026
Spotify's global editors and Songwriter & Publisher Partnerships team spend their days immersed in new music, tracking the writers behind the songs breaking...
12/01/2026
Nominations open for the fifth Australia for UNHCR - SBS Les Murray Award for Re...
12/01/2026
Australia and New Zealand VP Alan Clements shares L3Harris' leadership insig...
12/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
12/01/2026
Berklee International Folk Festival Celebrates 40 Years Featuring Grammy-winning alumna Arooj Aftab, the milestone concert and weeklong festival marks four de...
12/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
12/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
12/01/2026
X-Rite and Rhopoint Launch Rhopoint PANTORA Aesthetix to Streamline Creation of...
12/01/2026
12 Jan 2026
VEON's Kyivstar Launches 5G Pilot in Lviv Lviv, January 12, 2026 - VEON, a global digital operator (Nasdaq: VEON), today announces that Kyivsta...
12/01/2026
Monday 12 January 2026
The ultimate betrayal: Harry and Jamie Redknapp, Paul Me...
12/01/2026
Rohde & Schwarz opens larger office in Japan to increase its support for the Jap...
12/01/2026
Back to All News
WWE By the Numbers: Celebrating One Year on Netflix
From left to right: Rey Mysterio, Intercontinental Champion John Cena and Sheamus celebr...
12/01/2026
Welcome to the AVECO team: introducing new members of management
At AVECO, we are continuing to implement our #newAVECO strategy, which aims to build an even s...
12/01/2026
For the first time in the nine-year history of Dancing with the Stars, the first...
10/01/2026
By Bailey Pennick
One of the most exciting things about the Sundance Film Festi...
10/01/2026
This year, podcasts are making their Golden Globes debut with a new category honoring the medium's leading shows and creators. To mark the occasion, Spotify...
10/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
10/01/2026
Back to All News
Connection and Youth Defined: The Ramparts of Ice Brings a Hea...
09/01/2026
Rock-It Sports' Deron Brown & Laura Rowlands on Launching a New Brand, Suppl...
09/01/2026
Warner Bros. Discovery's Chris Brown on the Broadcaster's First French O...
09/01/2026
NFL Playoffs 2026: CBS Sports Travels to Jacksonville With Packed Arsenal of Pro...
09/01/2026
NFL Playoffs 2026: NBC Sports Is Set To Roll Out New Scorebar, Insert Graphics T...
09/01/2026
NFL Playoffs 2026: Prime Video Production Team Caps Historic Season With Iconic ...
09/01/2026
NFL Playoffs 2026: FOX Sports Kicks Off Postseason Slate With Two-Game Wild Card...
09/01/2026
NFL Playoffs 2026: ESPN's Run Brings Monday Night Football' Flagship Op...
09/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
09/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
09/01/2026
SMPTE , the home of media professionals, technologists, and engineers, today introduced the board officers and regional governors who will serve terms beginning...
09/01/2026
Globecast, the leading provider of broadcast, media and entertainment managed services, today announced the appointment of Chris Pulis as Group Chief Technology...
09/01/2026
The Hollywood Professional Association (HPA) today announced several updates to its board of directors. As part of HPA s annual governance cycle, new leadership...
09/01/2026
SDVI, the leading platform provider for cloud-native media supply chains, today announced that Simon Eldridge has been appointed chief operating officer. In thi...
09/01/2026
Cobalt Digital, the leading designer and manufacturer of award-winning ST 2110 and SDI signal processing products, and a founding partner in the openGear initi...
09/01/2026
iWedia, a global leader in connected TV software solutions, announces that its market-proven ATSC 3.0 software stack is powering the broadcast functionality of ...
Tokyo, September 30, 2022 --- Hitachi, Ltd. (TSE: 6501, Hitachi) today announced that it has signed a share transfer agreement with ABB Ltd (SIX: ABBN, ABB) to acquire 19.9% of the shares of Hitachi Energy Ltd. (Hitachi Energy), a consolidated subsidiary, from ABB to make the company a wholly owned subsidiary. On December 17, 2018, Hitachi and ABB signed the acquisition agreement for 80.1% of the shares of the company operating power grids business (now Hitachi Energy) that had been carved out from ABB*1 . On July 1, 2020, Hitachi acquired 80.1% of the shares of the company* 2 . Hitachi has exercised its call option that was agreed in the original agreement. The total acquisition price for the remaining shares will be US$1.679 billion (approximately JPY218 billion*3 ) based on the business valuation at the time of acquisition and the transfer will be completed by the end of December 2022, subject to regulatory approvals.
