# JUKI and Mitsubishi Electric form joint venture for industrial sewing machines

JUKI Corporation, Mitsubishi Electric Corporation, and Meiryo Technica Corporation established a new joint company, JUKI TECHNOSOLUTIONS CORPORATION, on July 1, 2022. JUKI holds an 80% stake and Mitsubishi Electric holds a 20% stake, focusing on industrial sewing machines for non-apparel applications.

- Type: Acquisition
- Announced: 2022-07-01
- Where: Japan
- Status: completed
- Products: industrial sewing machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [JUKI Corporation](https://endata.com/companies/58952.md) (acquirer)
- [Meiryo Technica Corporation](https://endata.com/companies/58953.md) (partner)

## Sources

- [jukieurope.com](https://jukieurope.com/en/ism/articles/news/juki-joined-forces-with-mitsubishi), 2022-07-07: "JUKI and Mitsubishi Electric will invest in 80% and 20% stakes, respectively."

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