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ABB and Mitsubishi Electric form joint venture to enhance low-voltage solutions in Asia-Pacific markets with a $495 million investment.
Oct 25, 2026
Contract Type
partnership
ZurichManufacturingIndustrial Automation
Description
ABB has announced a joint venture with Mitsubishi Electric to create a new company focused on low-voltage solutions for Asian markets. With an investment of approximately $495 million, ABB will hold a 51 percent controlling stake in the new venture, aimed at transforming its electrification presence in Japan and the wider Asia-Pacific region.
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.