Mitsubishi Electric (MEHITS) Acquires Stake in Intramech Pty Ltd

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.

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.

Mitsubishi Electric Subsidiaries Acquire AIRCALO

April 2, 2024

Manufacturing

Mitsubishi Electric’s subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. completed a full acquisition of French air-conditioning maker AIRCALO on April 2, 2024. The purchase will strengthen Mitsubishi Electric’s hydronic HVAC systems business in Europe by adding AIRCALO’s product range and customization capabilities for fan coil units and air handling units.

Mitsubishi Heavy Industries Acquires Concentric, LLC

October 3, 2023

Energy

Mitsubishi Heavy Industries, Ltd. (MHI) completed the acquisition of 100% of Concentric, LLC from OnPoint Group on October 2. The acquisition establishes a new North American structure to expand MHI’s capabilities in power systems, electrification and energy services for data centers, logistics warehouses and industrial facilities.

CoolSys Acquires Mechanical Engineering & Construction Corporation (MEC2)

October 1, 2024

HVAC & Mechanical

CoolSys has acquired Mechanical Engineering & Construction Corporation (MEC2), a Maryland- and Virginia-based mechanical engineering and construction firm. The acquisition strengthens CoolSys's commercial and industrial capabilities while deepening its presence in the Mid-Atlantic region.

Mitsubishi Electric Power Products, Inc. Acquires Computer Protection Technology

April 4, 2022

Electrical Services

Mitsubishi Electric Power Products, Inc. (MEPPI) has acquired Computer Protection Technology (CPT), a leading critical power service and solutions provider in Southern California. CPT will operate as a service branch of MEPPI, preserving its Southern California base while expanding MEPPI's critical power service capabilities to better serve mission-critical customers.