The leading electronic company Mitsubishi Electric Corporation has acquired a 34% share in Finland based EKE-Electronics Ltd., a manufacturer of train information systems. EKE-Electronics is known for production, sales and after-sales of the train information systems and its peripherals.
- The company aims to strengthen product competitiveness of train control and management system (TCMS) and to establish technology of support system for condition-based maintenance (CBM).
- The alliance will allow Mitsubishi Electric to drive business collaboration with EKE-Electronics in order to enhance its train information systems business in overseas market
- In the worldwide railway market, including Europe, the worlds largest market, the railway system is expected to be enhanced by utilizing digital technology, which may consequently further increase the value of the information-based equipment.
In May 2020: Mitsubishi Electric Corporation has announced that it will support healthcare professionals in the fight against COVID-19 by donating approximately $ 930,000. The company also provides medical masks to healthcare institutions. The company is taking all possible steps to help contain the disease and resume normal socio-economic activities as soon as possible
In April 2020, Mitsubishi Electric Corporation has announced that its European subsidiary Mitsubishi Electric Europe B.V. acquired all shares of AQS PRODUKTER AB, a comfort, process and IT cooling and heat pump distributor in Sweden, a market with promising prospects.
In February 2020: Mitsubishi Electric Corporation announced that its subsidiary Mitsubishi Elevator India Private Limited (IMEC) has secured a major order from the “”All India Institute of Medical Science (AIIMS), Bilaspur, Himachal Pradesh. The order consists of a total of 64 elevators, including 48 of a model that is exclusive to the Indian market, at this Indian government-owned medical facility, which houses a hospital and a national medical institute
About Mitsubishi Electric Corporation
The Mitsubishi Electric, headquartered in Chiyoda City, Tokyo, Japan, is a leading electronics and electrical equipment manufacturing company. The company has approximately 145,800 employees. The company is a leader in manufacturing and sales of electric and electronic equipment used in Energy and Electric Systems, Industrial Automation, Information and Communication Systems, Electronic Devices, and Home Appliances.
About Mitsubishi Corporation
Mitsubishi Corporation is a global integrated business enterprise, based in Japan. Mitsubishi Corporation has 10 Business Groups that operate across virtually every industry. These include natural gas, industrial materials, petroleum & chemicals, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution, and urban development.