Hitachi

News aus der Elektroindustrie

ABB is likely to sell its power grid business to the Japanese Hitachi group later this month.

ABB is likely to sell its power grid business to the Japanese Hitachi group later this month.

It has not yet been finally clarified how much Hitachi will take over and the price is still unclear. These issues are still under negotiation, but then, by the end of the year, Hitachi will be the second largest manufacturer in this segment behind GE.

Read more

According to press reports, ABB appears to have recently entered into negotiations with Hitachi and Mitsubishi Electric......

According to press reports, ABB appears to have recently entered into negotiations with Hitachi and Mitsubishi Electric.

to eventually sell its power network business or part of it.

If it is possible, they would like to reserve a part for themselves and then sell it separately at a later time.

With an agreement it could possibly happen very quickly, but perhaps ABB would like to negotiate the one or the other additional element; then it would not happen until the beginning of the new year.

The division had a turnover of USD 10.4 bn (EUR 9.2 bn) in 2017 and that, according to expert opinion, should be at least the amount that one would like to redeem.

Read more

Hitachi has announced  the takeover of the Nürtingen-based company Metabo AG by the Paris-based financial investor Chequers Capital.

Hitachi has announced  the takeover of the Nürtingen-based company Metabo AG by the Paris-based financial investor Chequers Capital.

The purchased price amounted to USD 180 m (EUR 167 m). The transaction still remains to be approved by the antitrust authorities.

Metabo employs 1,800 people worldwide and in 2014 had a turnover of EUR 374 m. Hitachi Koki employs approx. 5,000 people and had a turnover of more than EUR 1 bn in 2014.

By taking over Metabo Hitachi comes nearer to its declared aim of increasing its growth in Europe and mainly in Germany. Both countries are concentrating on the growth segment of battery-driven electric tools.

Read more