Mitsubishi Electric Acquires Nozomi Networks

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.

Forsee Power Acquires Mitsubishi's NEoT Capital Shares

June 2, 2022

Financial Services

Forsee Power has completed the acquisition of 240,608 NEoT Capital shares from Mitsubishi Corporation, increasing its stake in the financing vehicle created with EDF and Mitsubishi in 2016. The move strengthens Forsee Power's position in financing solutions for electric mobility and aligns with its strategy to offer end-to-end products and services across the electromobility value chain.

Hagiwara Electric Holdings Acquires BellaDati

August 1, 2024

Cloud & SaaS

Hagiwara Electric Holdings (Hagiwara Electric Group) has acquired all shares of BellaDati PTE. LTD., a Singapore-based IoT framework and advanced analytics software provider. BellaDati's founder and CEO Martin Trgina will resign after a short transition and Kazuto Saito will be appointed CEO as the buyer positions BellaDati as a core data infrastructure platform to expand capabilities and market reach.

Hurricane Capital Acquires Kiyomi AI

January 12, 2026

AI & Machine Learning

Hurricane Capital has acquired Kiyomi AI, a portfolio-intelligence platform developed by Jacob Koenig, to embed its explainable, AI-driven trading and execution insights into Hurricane’s broader AI stack. Kiyomi AI will be integrated into Transient.AI and offered via Transient’s SaaS suite to provide institutional-grade governance, interoperability, and scalable model orchestration; financial terms were not disclosed.

Seino Holdings Acquires Majority Stake in Mitsubishi Electric Logistics (Renamed MD LOGIS)

October 1, 2024

Logistics & Distribution

Seino Holdings acquired 66.6% of Mitsubishi Electric Logistics Corporation from Mitsubishi Electric Corporation and the company was renamed MD LOGIS CORPORATION. Following the share transfer, Seino holds 66.6% of voting rights and Mitsubishi Electric retains 33.4% as an equity-method affiliate.

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.