# ABB Plans $495 Million Mitsubishi Electric Venture and Sales Deal

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/35890
Published: 2026-10-20T19:16:56.000Z
Updated: 2026-10-20T19:16:56.000Z
Section: Business

> The planned payment covers a 51% stake in a new company and full ownership of related Mitsubishi Electric sales operations outside Japan.

ABB plans to pay about $495 million for a majority stake in a power distribution venture with Mitsubishi Electric and full ownership of related sales operations outside Japan.

The planned payment covers a 51% stake in the new company as well as the sales operations. ABB announced the deal Oct. 20.

Mitsubishi Electric is carving out its low-voltage power distribution business to form the venture. The venture is aimed at Asian demand for low-voltage power distribution equipment.