HomeLatestMitsubishi Electric to Acquire U.S. Software Firm for Record 220 Billion Yen

Mitsubishi Electric to Acquire U.S. Software Firm for Record 220 Billion Yen

TOKYO
Mitsubishi Electric mentioned on August 20 that it’ll purchase U.S.-based PCI Energy Solutions, a developer of software program used to handle electrical energy buying and selling and different power operations, in a deal price about 220 billion yen, the biggest acquisition within the Japanese firm’s historical past.

Mitsubishi Electric has been increasing companies designed to cut back electrical energy consumption by optimizing power use.

The firm plans to strengthen its competitiveness by incorporating PCI’s experience in electrical energy demand forecasting and knowledge evaluation.

Mitsubishi Electric additionally goals to make use of the acquisition to speed up the worldwide enlargement of its energy-related companies.

Source: テレ東BIZ

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