# 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.

- Type: Acquisition
- Announced: 2023-08-20
- Where: Kobe, Hyogo Prefecture, Japan
- Status: announced
- Products: generators for thermal, nuclear, and hydro power
- 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

- [g-enews.com](https://www.g-enews.com/article/Global-Biz/2023/08/20230820122812462e7e8286d56_1), 2023-08-20: "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."

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