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© designersart dreamstime.com Electronics Production | October 15, 2015

Mitsubishi Electric to buy stake in Polish Medcom

Mitsubishi Electric has signed an agreement to acquire a 49% share in Medcom, a Polish manufacturer of railcar electrical equipment.
The capital alliance with Medcom will allow Mitsubishi Electric to strengthen production, sales and after-sales services of its railcar electrical equipment business in Europe. The share purchase transaction is subject to permission by the Polish anti-trust authority.

Medcom provides small and light-weight products, backed by its high level of reliability and technological expertise in power electronics.

Mitsubishi Electric also intends to increase its market share in Europe by having both companies utilise each other’s sales channels. Through this, Mitsubishi Electric aims to increase its annual transportation systems sales in the European market USD 174 million, by March 2021.

The share purchase transaction is subject to permission by the Polish anti-trust authority.
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December 12 2018 2:03 am V11.10.8-2