Mitsubishi Electric Acquires Smarter Grid Solutions
August 10, 2021
Mitsubishi Electric Corporation, through its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI), acquired Glasgow-based Smarter Grid Solutions (SGS), a provider of distributed energy resource management software. The acquisition brings SGS's DERMS capabilities into Mitsubishi Electric's grid control portfolio to support integration of renewable and distributed generation and to expand Mitsubishi's energy software offerings globally.
- Buyers
- Mitsubishi Electric Corporation, Mitsubishi Electric Power Products, Inc.
- Targets
- Smarter Grid Solutions
- Industry
- Energy
- Location
- Scotland, United Kingdom
- Transaction Type
- Buyout
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