HOME > Business Wire > Article
Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems
TOKYO--( BUSINESS WIRE )-- Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses (hereinafter “Business Transfer”). After obtaining approval from the relevant authorities, assets and other items related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) at Mitsubishi Electric’s Nagoya Works will be transferred to Hitachi Industrial Equipment Systems in stages beginning in October 2024, with completion scheduled for April 1, 2026. The Business Transfer does not include the transformers manufactured at Mitsubishi Electric’s Transmission & Distribution Systems Center, Ako Factory.
Through this Business Transfer, Hitachi Industrial Equipment Systems will expand its product lineup of highly energy-efficient and eco-friendly transformers and accelerate the growth of grid edge solutions centered on power distribution systems, mainly in the domestic market. Furthermore, the company aims to contribute to the sustainable evolution of Japan’s power transmission and distribution network by utilizing Hitachi Group’s wider capabilities in IT, OT, and Products. Mitsubishi Electric will focus on expanding its FA systems business based on its portfolio strategy of concentrating investments in priority growth businesses.
Distribution transformers serve the function of lowering the voltage of high-voltage electricity generated by power plants, so that the power can be used to meet the needs of the users. They are installed at relay points of the power grid, such as substations, public facilities, business facilities, and commercial facilities.
For the full text, please visit: www.MitsubishiElectric.com/news/
View source version on businesswire.com: https://www.businesswire.com/news/home/20240404890088/en/
Contacts
Customer Contacts
Power Distribution Systems Groups
Hitachi Industrial Equipment Systems Co., Ltd.
Hitachi Industrial Equipment Systems (hitachi-ies.co.jp)
Factory Automation Systems Group
Mitsubishi Electric Corporation
https://www.MitsubishiElectric.com/fa/support
Media Contacts
Global Brand & Communications Department
Sustainable Management Strategy Group
Hitachi Industrial Equipment Systems Co., Ltd.
Global-Communications@hitachi-ies.co.jp
Public Relations Division
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
Source: Mitsubishi Electric Corporation
Business Wire
- 04/16 12:00 Bandai Co., Ltd. Partners With Xsolla to Launch the "Tamaverse Ticket ...
- 04/16 12:00 BostonGene and Saga University Announce Collaboration to Uncover Bioma...
- 04/16 10:58 Nominations open for The MIDORI Prize for Biodiversity 2024
- 04/15 19:16 Argonne and RIKEN Sign a Memorandum of Understanding in Support of AI ...
- 04/15 13:15 First Interim Analysis of PROSPER Study Details Patient-Reported Sympt...
- 04/15 13:00 Seadronix Revolutionizes Maritime Navigation with AI: Introducing the ...
- 04/15 11:00 J-HOTATE Association Exhibits at Seafood Expo Global in Spain to appea...
- 04/15 10:15 Keynote Speakers Announced: ISDA’s 38th Annual General Meeting in To...
- 04/15 10:09 Osaka Gas, Sumitomo, and JOIN to Invest in Expanding City Gas Distribu...
- 04/15 08:45 Taiwan’s Taitung County Sends Delegation to Japan to Promote Tourism...
- 04/15 01:40 Compass Offices Announces the Pre-opening Sale of Its Brand New INOGAT...
- 04/12 14:00 "Dr. STONE Battle Craft" Official X and the Event "Winter Arrives in t...
- 04/12 13:00 Top North American Splatoon 3 and Mario Kart 8 Deluxe Players Head to ...
- 04/12 07:00 Spiber Inc. Raises Over JPY 10 Billion in Funding to Strengthen Mass P...
- 04/12 06:05 Modalis Announces Partnership with Ginkgo Bioworks
- 04/12 01:48 Renesas Commences Operations of Kofu Factory as Dedicated 300-mm Wafer...
- 04/11 15:40 Actiphy Unveils Rapid Deploy: Revolutionizing System Deployment for Bu...
- 04/11 13:00 Quad Investors Network Announces Nokia’s Nishant Batra as New Adviso...
- 04/11 12:30 Asahi Kasei Bioprocess and Axolabs Announce Strategic Partnership to A...
- 04/11 08:50 FPT Software Recognized With 100 Percent Willingness to Recommend Rate...
- 04/11 05:00 Elliptic Labs Launching with Xiaomi Redmi Turbo 3 Smartphone
- 04/11 02:00 Murata’s Groundbreaking Ceramic Catalyst Material Eliminates Preciou...
- 04/10 12:30 Asahi Kasei to Highlight Sustainability, 3D Printing Filaments, Purgin...
- 04/10 12:00 Renesas Expands Quick Connect Studio with Real-Time Code Customization...
- 04/09 18:00 Award-winning Director Kurosawa Kiyoshi Pioneers Theater-to-Web3 Movie...
- 04/09 12:00 Renesas Introduces New Entry-Level RA0 MCU Series with Best-in-Class P...
- 04/09 04:49 NEDO Chooses IHI Technology Development Initiative for Green Innovatio...
- 04/08 22:05 OpenX Promotes Mitchell Greenway to Managing Director, APAC
- 04/08 15:00 Yamaha Motor Company Selects Shippeo to Enhance Global Supply Chain Vi...
- 04/08 14:00 Donald Quintin Named Chief Executive Officer and Global President of L...