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Mitsubishi Electric and Mitsubishi Heavy Industries to merge generator businesses · Endata

◂ Announcements

Aug 20, 2023ACQUISITIONKobe, Hyogo Prefecture, Japan

Mitsubishi Electric and Mitsubishi Heavy Industries to merge generator businesses

Mitsubishi Electric and Mitsubishi Heavy Industries will launch a new joint company in April 2024, integrating their generator businesses, with Mitsubishi Electric holding 51% and Mitsubishi Heavy Industries 49%, headquartered in Kobe.

Status

Announced

Productsgenerators for thermal, nuclear, and hydro power

CompaniesMitsubishi Heavy Industries target Mitsubishi Electric acquirer

Sectors#Power Generation Equipment

“Mitsubishi Electric and Mitsubishi Heavy Industries have decided to launch a new integrated company for their generator businesses in April 2024, integrating into Mitsubishi Electric's Power System Works in Kobe.”g-enews.com

1 source
g-enews.com미쓰비시 전기·중공업, 사업 통합…GE·지멘스에너지 정조준 - 글로벌이코노믹Aug 20, 2023

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

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