Description
(AWP Alliance News) - ABB will form a joint venture with Mitsubishi Electric's low-voltage power distribution business to expand its presence in Japan and across Asia-Pacific. It will pay JPY 79 billion (about USD 495 million) for a controlling 51% stake and full ownership of the business's related sales operations outside Japan.
The transaction includes an option for full ownership in the medium term. Closing is expected in the second half of 2027, subject to regulatory approvals and customary conditions.
The deal values the combined businesses at an enterprise value of about USD 890 million, or around 11.1 times FY2025 EBITDA.
https://www.publicnow.com/view/452C5634E8592FEC0504FFFC430CF7B62FA34191…
Disclaimer: This news brief was created using generative artificial intelligence. ABB Ltd. published the original content used to generate this news brief via EQS News on October 20, 2026, and is solely responsible for the information contained therein.
