ABB has today entered into a joint venture with a Japanese company, Meidensha Corporation (MEIDEN), to produce surge arresters, used for the protection of power networks.
The new jointly run company, MSA Co Ltd, will produce gapless zinc oxide surge arresters. It will start with about 50 employees and is targeting annual revenues of about $15 million.
ABB said the joint venture will provide improved access to the Japanese power transmission and distribution market.
ABB will grant MSA a license to use its polymer surge arrester technology. MSA will use MEIDEN’s surge arrester development and production, and develop its own sales channels.