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Mitsubishi Electric closes acquisition of Smarter Grid Solutions · Endata

◂ Announcements

Aug 19, 2021ACQUISITIONGlasgow, Scotland, United Kingdom

Mitsubishi Electric closes acquisition of Smarter Grid Solutions

Mitsubishi Electric Power Products and Mitsubishi Electric Corporation closed the deal to acquire UK-based Smarter Grid Solutions, a developer of DER management software. Financial terms were not disclosed.

Status

Completed

ProductsDER management softwareenergy management software

CompaniesMitsubishi Electric acquirer Mitsubishi Electric Power Products acquirer Smarter Grid Solutions target

Sectors#Electrical Equipment #Power Generation Equipment

“Mitsubishi Electric Power Products, Inc. (MEPPI) and Mitsubishi Electric Corporation (MELCO) today announced that the deal to acquire U.K.‑based Smarter Grid Solutions (SGS) has closed.”businesswire.com

2 sources
businesswire.comMitsubishi Electric Closes on Deal to Acquire Smarter Grid SolutionsTim KovachAug 20, 2021
businesswire.comReynolds Advisory Partners Acts as Exclusive Financial Advisor to Mitsubishi Electric on Its Purchase of Smarter Grid SolutionsBrian MacLeodSep 2, 2021

Summarized from public sources; check the original articles before acting on it.

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