Mitsubishi Electric to separate power distribution business and transfer it to ABB for ¥82.4 billion, expanding across Asia-Pacific: Manufacturing Management News

Mitsubishi Electric will separate its power distribution business and transfer it to ABB. The transfer price is ¥82.4 billion, and the company plans to strengthen its presence in the Asia-Pacific region.

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The story

Mitsubishi Electric decided to separate its power distribution business and transfer it to ABB.

The transfer price is ¥82.4 billion, and the timing of the formal completion of the transaction and details of the procedures are expected to be disclosed in future announcements.

Following the transfer, ABB aims to expand its operations in the Asia-Pacific region.

At a glance

NatureSeparate the power distribution business and transfer it to ABB

AmountThe transfer price is reported to be ¥82.4 billion

RegionExpand operations in the Asia-Pacific region

CounterpartyABB

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