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Mitsubishi Electric (6503) · InitiativeFirst stated

Conversion of the Distribution and Control Equipment business into a joint venture with ABB

First written in FY2027-H1. . Latest entry: FY2027-H1.

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  1. FY2027-H1First statedAnnual report

    「The Company entered into an agreement covering a series of transactions under which the rights and obligations it holds in the Distribution and Control Equipment business would be transferred through an absorption-type company split to a wholly owned preparation company established by the Company, after which 51% of the shares of the new company would be transferred to ABB Co., Ltd. and a joint venture established.」

    The plan to transfer businesses including low-voltage circuit breakers, electromagnetic contactors, measurement and control equipment and UPS systems for general industry to a new company and transfer 51% to ABB was disclosed for the first time. Completion is scheduled for 1 October 2027, the transfer price is expected to be ¥82.4 billion, and the objective is to strengthen competitiveness by integrating ABB's technologies and global sales network.
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