ABB will sell its Power Grids division to Japan’s Hitachi. The Swiss engineering group intends to return 100% of the estimated net cash proceeds of $7.6-7.8 billion (80.1% of the division) from the sale to its shareholders. ABB will initially retain 19.1 percent of the division to ensure transition, with an option to sell to Hitachi after three years. ABB’s Power Grids business employs 36,000 people and had sales of $10.4 billion last year. It had an operating profit margin of 10.0 percent in the third quarter, down 60 basis points from a year earlier.

Siemens Healthineers introduced Cios Fit-a multidisciplinary mobile C-arm ready for demanding environments, at the 63rd Annual Indian Orthopaedic Association Conference (IAOCON) in Coimbatore, India on November 28th, 2018; setting a benchmark in mobile C-arms. Cios Fit is designed to help in improving quality of care, achieve efficient workflows, and profit from high uptime; thereby reducing avoidable costs.

Siemens Gamesa Renewable Energy (SGRE) continues to reinforce its strong market position with the supply of 263 MW (these contracts are a part of the order intake in SGRE FYQ4 July-Sept. 2018) to onshore wind projects in Sweden, Norway, Germany, and Turkey. The turbine types are within a performance range between 2.3 and 4.1 MW.  In Northern Europe, the company will provide 34 wind turbines with a total capacity of 137 MW to its clients Arise, Eolus and Saxovent.

Siemens Gamesa Renewable Energy (SGRE) has secured a second order in Russia from Enel Russia, one of the country's independent power producers (IPP), for the supply of 201 MW of wind turbines. The scope of the agreement includes supply, installation and commissioning of 57 Siemens Gamesa 3.X platform turbines at the Kola wind farm, located in Murmansk region, Russia. The Kola wind farm is due to be commissioned in 2021.