Mergers: Commission clears acquisition of ABB’s power grid division by Hitachi

Daily News 29 / 05 / 2020


Economia - pubblicata il 03 Giugno 2020


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Source: European Commission Spokesperson’s Service

The European Commission has approved, under the EU Merger Regulation, the acquisition of the power grid division of ABB of Switzerland by Hitachi of Japan. ABB’s power grid division is active in
the development, engineering, manufacturing and sale of products, systems and projects relating to: (high voltage products, transformers, power grid automation, and power grid integration. Hitachi
is active in a variety of business segments including IT Solution, Energy Solution, Industry Solution, Mobility Solution and SmartLife Solution. The Commission concluded that the proposed
acquisition would raise no competition concerns because Hitachi’s activities in the power grid business have geographic focus on Japanese and Chinese markets. In addition, the horizontal overlaps
between the activities of the companies are limited, and increments in vertical links are small. The Commission also found that a number of strong players would remain in the market after the
merger. The transaction was examined under the normal merger review procedure. More information is available on the Commission’s competition website, in the
public case register under
the case number
M.9447
.

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