POLAND: Mitsubishi Electric Corp has signed an agreement to acquire a 49% stake in Warszawa-based rolling stock electrical equipment manufacturer Medcom.
Medcom supplies auxiliary power supplies and traction inverters to mainly eastern European customers.
Announcing the agreement on on October 15, Mitsubishi Electric said the acquisition would support its ambition to increase its transport sector sales in Europe to ¥20bn m by 2021.
JAPAN: Mitsubishi Electric President & CEO Takeshi Sugiyama has announced his resignation, after an internal investigation found that rolling stock heating, ventilation and air-conditioning systems and air compressors supplied by the company had not been tested according to documented specifications. The company said there had been ...
INDIA: BEML has awarded Mitsubishi Electric Corp a contract to supply traction inverters, traction motors and train control management systems for 80 metro cars which Delhi Metro Rail Corp ordered last year. Announcing the order on September 17, Mitsubishi Electric said it had ...
FINLAND: Mitsubishi Electric Corp has acquired a 34% stake in EKE Group’s train automation and management systems business EKE-Electronics. The companies have also entered into a wide-ranging co-operation agreement. This gives EKE-Electronics access to fast-growing markets as well as resources for further development, and the ability to ...
