Mitsubishi Electric to form JV with ABB for low-voltage power distribution business

What happened

Mitsubishi Electric Corporation has announced it has entered into a joint venture agreement with a subsidiary of ABB. The company will establish a wholly owned preparatory company and implement an absorption-type company split to further grow and strengthen the competitiveness of its power distribution business. Following the effective date of the Company Split, 51% of the shares of the new company will be transferred to ABB Corporation, a Japanese subsidiary of ABB; through these transactions the new company will become a joint venture owned 51% by ABB Corporation and 49% by Mitsubishi Electric. The target business encompasses low-voltage circuit breakers, electromagnetic switches, measurement and control equipment, and UPS for general industrial use of 5kVA or less, and other products. Takayuki Tsuzuki, Mitsubishi Electric's Senior Executive Officer, Group President, Factory Automation Systems, said the joint venture will combine ABB's global business foundation with Mitsubishi Electric's technologies, quality, customer base and sales channels. Giampiero Frisio, President of ABB's Electrification Business Area, said the joint venture will significantly strengthen ABB's position in Japan and across Asia-Pacific.

Impact and signal

Affected components and suppliers

Source and time

Source: Evertiq · 11/5/2026 · View original source