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ABB

Hitachi Energy is investing $457 million to expand its power transformer production facility in South Boston. Photo courtesy Hitachi Energy
Mar 1, 2026

Hitachi Energy powers up $457M expansion in South Boston

Hitachi Energy will invest $457 million to expand power transformer production in South Boston, creating 825 jobs and building the nation’s largest large transformer plant.

SoftBank to buy ABB robotics unit in $5.4B AI push
Oct 8, 2025

SoftBank to buy ABB robotics unit in $5.4B AI push

SoftBank will acquire ABB’s $2.3B robotics unit for $5.4B, advancing its AI strategy while ABB refocuses on electrification.

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Sep 16, 2025

ABB announces $28.5M expansion in Henrico, adding 100 jobs

ABB will invest $28.5 million to expand operations in Henrico County, creating more than 100 jobs in the next three years.

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