ABB forms low-voltage power joint venture with Mitsubishi Electric for Asian markets

Bitget2026/10/20 04:46

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ABB will form a joint venture with Mitsubishi Electric's low-voltage power distribution business to expand in Japan and Asia-Pacific.
The JPY 79 billion (about USD 495 million) investment secures a 51% controlling stake and full ownership of related overseas sales operations.
Closing is expected in the second half of 2027, subject to regulatory approvals and customary conditions, with a medium-term full-ownership option.
The transaction values the combined businesses at approximately USD 890 million, or 11.1 times FY2025 EBITDA.
The venture is expected to lift earnings per share after year one, targeting an operational EBITA margin of at least 20% within five years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ABB Ltd. published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2418328_en) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ABB forms low-voltage power joint venture with Mitsubishi Electric for Asian markets

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