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circuit breaker hitachi abb power grids testing for sale

ABB completes divestment of Power Grids to Hitachi· Hitachi ABB Power Grids will be led by Claudio Facchin as CEO. The transaction terms with Hitachi remain as announced on December 17, 2018, with an enterprise value of $11 billion for 100 percent of the business. ABB has a pre-defined option to exit the retained 19.9 percent shareholding three years after closing.

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