# Mitsubishi Electric and Visual Components form joint venture for 3D simulators

Mitsubishi Electric and Visual Components formed a joint venture named ME Industrial Simulation Software Corporation to develop and sell 3D simulators for manufacturing. Mitsubishi Electric holds 70% and Visual Components 30%; operations began on November 1, 2023.

- Type: Partnership
- Announced: 2023-12-17
- Where: Espoo, Finland, Finland
- Status: completed
- Products: 3D simulators for manufacturing, digital twin platform
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (partner)
- [Visual Components](https://endata.com/companies/18063.md) (partner)

## Sources

- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2023/12/17/mitsubishi-electric-and-visual-components-form-joint-venture-for-3d-simulators/75434/), 2023-12-17: "Mitsubishi Electric has recently announced that it has partnered with Visual Components headquartered in Espoo, Finland in a joint venture company, named ME Industrial Simulation Software Corporation"

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