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ABB buys 51% of Japan power distribution JV

PUBLIC · ABLZFOct 20, 2026

Acquiring Company

ABB Ltd

Acquired Company

Mitsubishi Electric low-voltage power distribution business in Japan

ZurichJapanManufacturingIndustrial Automation

Description

ABB will pay around US$495 million for a 51% stake in a joint venture with Mitsubishi Electric Corp. The joint venture covers a low-voltage power distribution business in Japan. The deal is part of ABB's ongoing acquisition activity.

Company Information

Company

ABB Ltd

Location

Zurich, Zurich, Switzerland

About

ABB Ltd is a global technology leader in electrification and automation, known for its innovative solutions in various industrial sectors. The company provides products and services that enhance productivity, safety, and efficiency. With a strong presence in robotics, ABB has built a reputation for high-performance automation technologies. It is headquartered in Zürich, Switzerland.

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Frequently asked

Who acquired Mitsubishi Electric low-voltage power distribution business in Japan?

Mitsubishi Electric low-voltage power distribution business in Japan was acquired by ABB Ltd, based in Zurich. The deal was reported on October 20, 2026. ABB Ltd is a global technology leader in electrification and automation, known for its innovative solutions in various industrial sectors. ABB Ltd is publicly traded (ABLZF) and operates in Manufacturing.

When did ABB Ltd acquire Mitsubishi Electric low-voltage power distribution business in Japan?

ABB Ltd's acquisition of Mitsubishi Electric low-voltage power distribution business in Japan was reported on October 20, 2026. ABB will pay around US$495 million for a 51% stake in a joint venture with Mitsubishi Electric Corp. The joint venture covers a low-voltage power distribution business in Japan. The deal is part of ABB's ongoing acquisition activity. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mitsubishi Electric low-voltage power distribution business in Japan do?

The unit is a low-voltage power distribution business in Japan that is being placed into a joint venture with Mitsubishi Electric Corp. ABB will take a 51% stake. The unit's parent company is Mitsubishi Electric Corp. It is privately held, and is based in Japan.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.