"the Company is selling the Power Grid to the Hitachi — a sale that will affect thousands of employees in Sweden. "
"The japanese industrial group Hitachi pay around 100 billion Swedish kronor for the deal that will be finalized during the first half of the year 2020, according to a press release from ABB."
"In Sweden, working 4 to 150 people in Power Grids-the division, who will be affected by the sale, writes VLT. "
"In a comment says Abb CEO, Ulrich Spiesshofer:"
"– to support our customers in a world of unprecedented technological change and digitisation, we need to focus, simplify and shape our business for the leadership. Today's action will create a new ABB, a leader focused on the digital industries, " says ABB CEO, Ulrich Spiesshofer."