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ABB Agrees to Sell Utility Grid Business to Hitachi, Plans Focus on Factory Automation

The deal values the enterprise at about $11 billion.

One of the largest electric utility grid equipment manufacturing and engineering operations in the world is changing hands with an agreement by ABB, Zurich, Switzerland, to sell its Power Grids business to Hitachi, Tokyo, Japan, in a deal that values the enterprise at about $11 billion.

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TAGS: Utility
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