ABB Transformer Plant In Jefferson City Included in Eleven Billion Dollar Purchase
Jefferson City’s ABB Plant is announcing a takeover this week after being purchased by Hitachi for 11 billion dollars.
The announcement was made yesterday (Tuesday) and according to the press release ABB will sell 80.1 percent of its power grids for roughly 90.1 billion dollars.
The transformer plant is the sixth largest employer in Jefferson City with over 700 employees.
ABB and Hitachi are expected to finalize the deal in the first half of 2020.