There are 35 cities' rail transit under construction in China in the year 2012
Release time:
2015-10-20
TOKYO, October 15, 2015 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has signed an agreement to acquire a 49-percent share in MEDCOM Sp. Z.o.o.,
TOKYO, October 15, 2015 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has signed an agreement to acquire a 49-percent share in MEDCOM Sp. Z.o.o., 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 is known for production, sales and after-sales services of railcar electrical equipment such as auxiliary power supplies and traction inverters mainly in Eastern Europe, with an especially favorable reputation in Poland. The company provides small and light-weight products, backed by its high level of reliability and technological expertise in power electronics.
By strengthening its partnership with MEDCOM through the capital alliance, Mitsubishi Electric will further improve product competitiveness by integrating advanced technologies belonging to the two companies, including silicon carbide power device applications. The company also intends to increase its market share in Europe by having both companies utilize each other’s sales channels. Through such enhancements,
Mitsubishi Electric will aim to increase its annual transportation systems sales in the European market to 20 billion yen, or approximately US$ 174 million, by March 2021.
