ABB finishes business division transfer "Electric networks" Hitachi Ltd.

– The Hitachi ABB Power Grids joint venture begins work. – The portfolio of ABB is focused on industrial customers. – As it was planned, company will return to shareholders pure money. Today ABB reached an important milestone on a way of transformation to the decentralized global technological company, having finished transfer of 80,1% of business division "Electric networks" Hitachi Ltd. according to the drawn-up plan. Transfer of division will allow ABB to concentrate on key trends of the market and needs of the customers connected first of all with electrification transports, broad introduction...