# Mitsubishi Electric and Mitsubishi Heavy Industries to merge generator businesses

Mitsubishi Electric and Mitsubishi Heavy Industries agreed to integrate their generator businesses into a new joint venture, with Mitsubishi Electric as majority owner. The merger is expected to take effect in April 2024.

- Type: Acquisition
- Announced: 2022-12-26
- Where: Japan
- Status: announced
- Products: turbine generators, generator-related equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (target)
- [Mitsubishi Electric](https://endata.com/companies/2378.md) (acquirer)

## Sources

- [monoist.itmedia.co.jp](https://monoist.itmedia.co.jp/mn/articles/2301/17/news053.html), 2023-01-17: "両社は、発電機事業の統合による技術と資産の結集により、市場競争力を一層強化するため、今回の基本合意に至った。"

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