Mitsubishi Generator Commences Operations
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) jointly announced today that they have completed the integration of their respective power-generator systems businesses under Mitsubishi Generator Co., Ltd., which commenced operations today.
Previously, the two companies signed an agreement with MTG Co., Ltd., Mitsubishi Generator’s predecessor company, for an absorption-type company split, and then began working to spin off and integrate their respective businesses, as announced on December 11, 2023.
Mitsubishi Generator will now combine the technologies and assets of the two respective businesses to achieve enhanced market competitiveness. The integration is expected to realize strong synergies that will enable Mitsubishi Generator to expand its power-generator systems business on a global scale and thereby contribute to the realization of a carbon-neutral world.
Overview of Mitsubishi Generator Co., Ltd. (as of April 1, 2024)
Name |
Mitsubishi Generator Co., Ltd. |
Head office |
1-1-2 Wadasakicho, Hyogo-ku, Kobe City, Hyogo |
President |
Naohiro Nakano |
Business |
1. Design, manufacture, sales and after-sales servicing of generator and electrical equipment/devices associated with generators for power plant facilities. 2. Other businesses incidental or related to the above. |
Paid-in capital |
1,000 million yen |
Fiscal year end |
March 31 |
For the full text, please visit: www.MitsubishiElectric.com/news/
View source version on businesswire.com: https://www.businesswire.com/news/home/20240331899914/en/
Media inquiries
Mitsubishi Electric Corporation
Public Relations Division
[email protected]
Mitsubishi Heavy Industries, Ltd.
Corporate Communication Department
[email protected]
Inquiries from non-media sources
Mitsubishi Generator Co., Ltd.
Corporate Strategic Planning Division
1-1-2 Wadasaki-cho, Hyogo-ku, Kobe-shi, Hyogo 652-8555, Japan
[email protected]
Source: Mitsubishi Electric Corporation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ALDER AI Launches New Era Focused on Monitored Video Surveillance and AI Threat Detection
- Moderna, Inc. to Join the Nasdaq-100 Index® Beginning October 9, 2026
- Applied AI LLC Releases New Research on the AI-Native Future of Consumer Intelligence
Create E-mail Alert Related Categories
Business Wire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share