Mitsubishi Electric Acquires Nozomi Networks

Mitsubishi Electric Acquires Ascension Lifts Limited

April 29, 2025

Building Products

Mitsubishi Electric Corporation, via its wholly owned subsidiary Motum AB, acquired all shares of Dublin-based Ascension Lifts Limited on April 29. The purchase strengthens Mitsubishi Electric's foothold in the Irish market and expands its elevator and escalator maintenance and renewal capabilities as part of a broader European growth strategy.

Forsee Power Acquires Mitsubishi's NEoT Capital Shares

June 2, 2022

Financial Services

Forsee Power has completed the acquisition of 240,608 NEoT Capital shares from Mitsubishi Corporation, increasing its stake in the financing vehicle created with EDF and Mitsubishi in 2016. The move strengthens Forsee Power's position in financing solutions for electric mobility and aligns with its strategy to offer end-to-end products and services across the electromobility value chain.

Seino Holdings Acquires Majority Stake in Mitsubishi Electric Logistics (Renamed MD LOGIS)

October 1, 2024

Logistics & Distribution

Seino Holdings acquired 66.6% of Mitsubishi Electric Logistics Corporation from Mitsubishi Electric Corporation and the company was renamed MD LOGIS CORPORATION. Following the share transfer, Seino holds 66.6% of voting rights and Mitsubishi Electric retains 33.4% as an equity-method affiliate.

Hagiwara Electric Holdings Acquires BellaDati

August 1, 2024

Cloud & SaaS

Hagiwara Electric Holdings (Hagiwara Electric Group) has acquired all shares of BellaDati PTE. LTD., a Singapore-based IoT framework and advanced analytics software provider. BellaDati's founder and CEO Martin Trgina will resign after a short transition and Kazuto Saito will be appointed CEO as the buyer positions BellaDati as a core data infrastructure platform to expand capabilities and market reach.

Bain Capital-Led Consortium Acquires Hitachi Metals

October 26, 2022

Manufacturing

A consortium led by Bain Capital Private Equity, together with Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS), closed a tender offer to acquire Hitachi Metals, Ltd. The investors said they will provide capital and management support to accelerate growth and pursue opportunities in areas such as electric vehicles; Hitachi Metals reported ¥942.7 billion in revenue and about 27,700 employees as of March 2022.

Mitsubishi Electric Acquires AG MELCO Elevator

November 21, 2025

Industrial Services

Mitsubishi Electric Corporation has completed the acquisition of all shares of AG MELCO Elevator Co. L.L.C., a Dubai-based elevator company, from Rawafed Almustaqbal Group L.L.C., a subsidiary of Al Ghurair Investment L.L.C. The transaction makes AG MELCO a wholly owned Mitsubishi Electric subsidiary and is intended to strengthen Mitsubishi's elevator maintenance and renewal operations in the Middle East and support its global building systems business.