Is ABB owned by Hitachi?
ABB is an independent, publicly traded multinational corporation listed on major stock exchanges such as the SIX Swiss Exchange, Nasdaq Stockholm, and the New York Stock Exchange, meaning it is not owned by Hitachi. However, the two corporate giants share a significant historical business tie regarding the power grid sector. In 2020, ABB divested the majority stake of its power grids division to form a joint venture with Hitachi, and by late 2022, Hitachi fully acquired the remaining equity to make that specific energy business a wholly owned subsidiary known as Hitachi Energy. Despite this major asset transaction, ABB itself remains a completely separate corporate entity focused on robotics, automation, and electrification.
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