Mitsubishi Electric Acquires Stake in ADT Technology Service Suzhou

Reuters
Jan 16
Mitsubishi Electric Acquires Stake in ADT Technology Service Suzhou

Mitsubishi Electric Corporation, through its wholly owned subsidiary Mitsubishi Electric Intelligent Manufacturing Technology (China) Group Co., Ltd., has acquired a stake in ADT Technology Service (Suzhou) Co., Ltd., a software developer based in Suzhou, China. The transaction is part of a strategic collaboration agreement between the two companies. By investing in ADTTech, Mitsubishi Electric aims to enhance its factory automation total solutions in China by integrating its FA equipment and monitoring/control software with ADTTech's manufacturing management software. This partnership is expected to strengthen Mitsubishi Electric’s presence in the Chinese market and accelerate the growth of its FA system business. Specific financial terms of the transaction were not disclosed.

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