Mitsubishi Electric will transfer its power distribution and control equipment business to a new company, transfer 51% of the new company’s shares to ABB’s Japanese subsidiary and shift to joint operations with ABB. The transfer price is ¥82.4 billion, and the scheduled transfer date is 1 October 2027.
Mitsubishi Electric, a major integrated electrical equipment manufacturer, announced that it will transfer its power distribution and control equipment business to a new company, then transfer 51% of the new company’s shares to ABB, the Japanese subsidiary of Switzerland’s ABB Ltd., and shift to joint operations by the two companies.
The business covers the development, manufacture, sale and servicing of low-voltage circuit breakers, electromagnetic contactors, measurement and control equipment, UPS and other products. Sales are estimated at ¥102.0 billion for the fiscal year ending March 2026.