Mitsubishi Heavy Industries Compressor Acquires AST Turbo AG

Atlas Copco Acquires Compressor Business of Mesa Equipment & Supply

October 4, 2022

Industrial Services

Atlas Copco has acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico. Nineteen employees will join Atlas Copco and the acquired operations will be integrated into the Service Division within Atlas Copco's Compressor Technique business area; the purchase price was not disclosed. Atlas Copco said the acquisition expands its geographic coverage and service opportunities.

Mitsubishi Electric (MEHITS) Acquires Stake in Intramech Pty Ltd

October 27, 2025

Industrial Services

Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. (MEHITS), a wholly owned subsidiary of Mitsubishi Electric Corporation, has acquired a stake in Intramech Pty Ltd., a South African sales and services company specializing in applied HVAC and IT cooling systems. The investment aims to deepen local sales, service and engineering capabilities and strengthen Mitsubishi Electric's presence and one-stop service offering across southern Africa, particularly for growing data center cooling demand.

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.

Concentric Acquires Jantech Services (subsidiary of Mitsubishi Heavy Industries involved)

February 16, 2024

Industrial Services

Concentric, a national industrial power services organization (now a subsidiary of Mitsubishi Heavy Industries Ltd.), has acquired Jantech Services, Inc., a provider of UPS systems, batteries and related installation, testing and maintenance services. The acquisition expands Concentric’s mission-critical power capabilities and East Coast footprint to better serve data centers, hospitals, telecom and other facility customers.

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.

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.