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New Deal


Announced

Completed

Hitachi completed the acquisition of the remaining 20% stake in Hitachi Energy from ABB for $1.7bn.

Financials

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Transaction Value£1,412m
Consideration TypeCash
Capital Owned80%
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Electronic Components and Equipment

power grids

Switzerland

Private

Cross Border

Acquisition

Majority

Single Bidder

Completed

Synopsis

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Hitachi, a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, completed the acquisition of the remaining 20% stake in Hitachi Energy, a sustainable energy firm, from ABB, a pioneering technology company, for $1.7bn. "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," Yoshihiko Kawamura, Hitachi Executive Vice President and Executive Officer, CFO.

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