Fogel & Partners advisor to ABB in the divestment of Power Grids to Hitachi

Fogel & Partners acted as advisor to ABB, the pioneering technology leader, in connection with the divestment of the Power Grids division to Japanese Hitachi. The transaction expands an existing partnership and strengthens Power Grids as a global infrastructure leader, whilst shaping the new ABB to become a leader in digital industries. Power Grids has an estimated Enterprise Value of $11 bn and ABB operates in more than 100 countries and employs 147 000 people, all over the world. The communications advisory mandate also included Hering Schuppener and Finsbury, part of the Global Partnership.