# 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.

- Type: Acquisition
- Announced: 2021-08-19
- Where: Glasgow, Scotland, United Kingdom
- Status: completed
- Products: DER management software, energy management software
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (acquirer)
- [Mitsubishi Electric Power Products](https://endata.com/companies/43280.md) (acquirer)
- [Smarter Grid Solutions](https://endata.com/companies/56997.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210820005037/en/Mitsubishi-Electric-Closes-on-Deal-to-Acquire-Smarter-Grid-Solutions), 2021-08-20: "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](https://www.businesswire.com/news/home/20210902005273/en/Reynolds-Advisory-Partners-Acts-as-Exclusive-Financial-Advisor-to-Mitsubishi-Electric-on-Its-Purchase-of-Smarter-Grid-Solutions), 2021-09-02: "The combination of Mitsubishi Electric and Smarter Grid Solutions will generate substantial synergies and strategic benefits for all the parties"

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