Mitsubishi Electric to wholly acquire Poland-based Medcom

Mitsubishi Electric Corporation has announced that it has agreed to acquire additional shares of Medcom, a Polish manufacturer of electrical equipment for railcars, via its wholly owned subsidiary Mitsubishi Electric Europe. The acquisition will result in the Mitsubishi Electric Group holding all of Medcom’s shares. 

Subject to the necessary regulatory approvals, the transaction is expected to be completed in the first half of the fiscal year ending March 2027, Mitsubishi Electric said.

Medcom designs, manufactures, sells and maintains electrical equipment for railcars and electric urban transportation, including auxiliary power supply systems, propulsion control systems and industrial power electronics equipment. Its primary business is in Europe.

Since Mitsubishi Electric’s initial investment in Medcom in 2016, the company has continued to expand in Europe, where the introduction of advanced technologies is progressing. Medcom has used Mitsubishi Electric’s silicon carbide (SiC) power devices to develop and market railcar electrical equipment with higher output reduced size and weight, playing a central role in the group’s overseas transportation business.

The acquisition will enable Mitsubishi Electric to integrate its group’s resources and facilitate faster decision-making for greater operational efficiency and strengthen competitiveness across the group. Mitsubishi Electric also expects to strengthen its global transportation business foundation centered on Europe, the company said.

“Medcom will continue to be led by its current Management Board, which will remain responsible for executing the Company's long-term strategy,” Marek Niewiadomski, President of the Management Board of Medcom, said in a press release. “Our headquarters and manufacturing facilities remain in Warsaw.”  

“Our objective is to preserve Medcom’s entrepreneurial spirit while further expanding its capabilities and establishing Warsaw as Mitsubishi Electric's European center of excellence for research, engineering and manufacturing of energy-efficient power electronics solutions for public transport and industrial applications,” said Hideto Negoro, Executive Officer, Mitsubishi Electric Corporation.