# Mitsubishi Electric US to acquire power device distribution business of Powerex

Mitsubishi Electric US signed an agreement to acquire the power device distribution business of Powerex, Inc., a joint venture of Mitsubishi Electric Corporation and General Electric. The agreement is expected to close in January 2018.

- Type: Acquisition
- Announced: 2017-11-08
- Where: Cypress, California, United States
- Status: announced
- Products: power semiconductor devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Powerex](https://endata.com/companies/2379.md) (target)
- [Mitsubishi Electric US](https://endata.com/companies/11256.md) (acquirer)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/414400867/mitsubishi-electric-us-inc-has-signed-an-agreement-to-acquire-the-power-device-distribution-business-of-powerex-inc), 2017-11-08: "This agreement strengthens support for our users in the U.S., especially those that manufacture globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.