ZÜRICH, SWITZERLAND –  The new venture will bring together the expertise of two companies that have a proven track record in technology innovation and manufacturing excellence in instrument transformers.

Hitachi Energy and Arteche have announced the establishment of a new joint venture under the name of Arteche Hitachi Energy Instrument Transformers S.L.In accordance with the agreement both companies signed in December 2021. Arteche holds a 51% stake in the new joint venture company and Hitachi Energy the remaining 49%.

According to Hitachi Energy, the JV governance of Arteche Hitachi Energy Instrument Transformers S.L. will take place within the framework of a new independent management board in which both companies will be equally represented. Products under the JV should be part of the parent companies’ product portfolio, while the promotion and sales activities should be carried out independently by both parties.

“Today’s launch of Arteche Hitachi Energy Instrument Transformers S.L. is another step forward in our purposeful journey of pioneering technologies that are accelerating the energy transition,” said Markus Heimbach, Managing Director of Hitachi Energy’s High Voltage Products business. “Together, we will build on our complementary strengths in gas-insulated instrument transformers to deliver solutions that are advancing a sustainable energy future for all,” he added.

According to Hitachi Energy, the establishment of the JV, will allow them to expand its gas-insulated instrument transformer portfolio to address the growing gas-insulated switchgear market while strengthening value chain ownership. Arteche Hitachi Energy Instrument Transformers S.L. is also set to produce gas-insulated instrument transformers for air-insulated switchgear and propel the development of new eco-efficient technologies that will enhance Hitachi Energy’s SF₆-reducing technology.

Source: Hitachy Energy