"We would like to offer advanced energy solutions to the world and lead innovations with our digital technologies," CEO
The Japanese information and infrastructure giant bought an 80.1 percent stake in ABB's power grid business for around
Hitachi plans to obtain the remaining stake in the new company, making it wholly-owned in 2023 or later.
"We have obtained a great asset to make Hitachi fly high as a significant global company," Higashihara said.
Hitachi and ABB had reached the deal in 2018.
Through the acquisition, the Hitachi group newly employs about 36,000, focusing on enhancing its businesses in
==Kyodo
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