Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, December 18, 2018

Hitachi to Acquire ABB's Power Grids Unit Valued at $11 Billion

Hitachi to Acquire ABB's Power Grids Unit Valued at $11 Billion: (Bloomberg) -- Hitachi Ltd. agreed to buy ABB Ltd.’s power grids division in a deal that values the entire business at $11 billion, a plan that’s aimed at turning the Japanese conglomerate into a top global provider of equipment for electricity networks.

ABB will return proceeds of $7.

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