Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
ABB divests Power Grids to Japanese Hitachi for USD 11bn
December 17, 2018

ABB has announced a divestment of their Power Grid business to Japan-based Hitachi. Hitachi will acquire 80 % of the business unit and it the deal is finalized in 2020. The Power grid division reported a turnover of USD 9.7bn and EBITDA of USD 1bn in LTM, corresponding to an EV/EBITDA multiple of 11x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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