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ABB forms a joint venture with Mitsubishi Electric to enhance its position in the Asia-Pacific low-voltage market.

Oct 21, 2026

Contract Type

partnership

ZurichManufacturingInformation TechnologyRoboticsIndustrial Automation

Description

ABB has partnered with Mitsubishi Electric to create a joint venture focused on low-voltage solutions for the Asian market. ABB will acquire a 51 percent stake for approximately $495 million, aiming to strengthen its presence in Japan and across Asia-Pacific.

Company Information

Company

ABB Group

Location

Zurich, Zurich, Switzerland

About

ABB Group is a global technology company specializing in electrification and automation. The company operates in various sectors and is known for its innovative robotics solutions tailored for industrial applications. ABB's robotics division focuses on creating solutions that improve productivity and efficiency in manufacturing.

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What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

ABB Group signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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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.