power grid business

Hitachi to Buy ABB’s Power Grid Business for up to $7bn

Hitachi has finally reached on the decision to buy ABB’s power grid business for around 800 billion yen, which means around $7 billion, as per the source familiar with the matter. The Japanese industrial conglomerate has been looking forward to strengthen its overseas presence in a market, which is growing at a fast pace. The two multinational’s Hitachi and ABB are likely to hold a news conference to announce the