SEINO HOLDINGS CO., LTD., a prominent logistics entity based in Tokyo and Nagoya, has entered into a definitive agreement with Mitsubishi Electric Corporation to acquire a 66.6 percent stake in Mitsubishi Electric Logistics Corporation. This major transaction, which involves the purchase of common shares currently held by Mitsubishi Electric, marks a significant shift in the […]
Mitsubishi Electric Corporation (TOKYO: 6503) has strategically invested in Pente Networks Inc., a pioneering U.S.-based company specializing in Infrastructure-as-a-Service (IaaS) for private LTE/5G networks. This marks the seventh investment by Mitsubishi’s ME Innovation Fund, underscoring a significant move towards enhancing enterprise communication infrastructures. Enhancing Enterprise Communications with Private Networks Private LTE/5G networks have gained traction […]
Mitsubishi Electric Corporation, under its European branch Mitsubishi Electric Europe B.V., has entered into a development partnership with the State of Berlin, facilitated through Tegel Projekt GmbH. This alliance is set to advance the ambitious Berlin TXL smart-city project, utilizing the sprawling five-square-kilometer area of the now-closed Berlin Tegel Airport. A Forward-Thinking Collaboration for Urban […]
Mitsubishi Electric Corporation and HACARUS Corporation have taken a significant step forward in the realm of manufacturing innovation. The two companies recently announced an expansion of their collaboration, focusing on the development of AI-based visual-inspection applications designed to transform manufacturing processes. As a cornerstone of this enhanced partnership, Mitsubishi Electric will acquire an equity stake […]
Mitsubishi Electric Corporation has taken an equity position in Novel Crystal Technology, Inc., a pioneering developer and seller of gallium-oxide wafers. The partnership aims to expedite the development of high-efficiency, energy-saving power semiconductors, reinforcing Mitsubishi Electric’s commitment to supporting global decarbonization. Novel Crystal Technology stands as one of the first companies worldwide to develop, manufacture, […]
Japan’s Mitsubishi Electric will construct a new room air conditioners (A/C) and compressors plant in Tamil Nadu, India, to expand its A/C and refrigeration businesses. The JPY 26.7 billion ($222.5 million) plant will initially manufacture 300,000 room air conditioner outdoor units and 650,000 compressors per year. The new 88,000 square-meter A/C and compressors plant in […]