|

Power Grids


Leadership Shakeup at ABB Amid Power Grids Business Overhaul

Only months after ABB announced Hitachi would acquire a majority stake in its flagship power grids business for $11 billion, the company’s board of directors ousted CEO Ulrich Spiesshofer and…


Hitachi Acquires ABB Power Grids Business in $11 Billion Deal

Hitachi Ltd. and ABB on December 17 announced that Hitachi will acquire 80.1% of ABB's Power Grids unit in an $11 billion deal. Reports of the possible acquisition surfaced December…