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Mitsubishi Electric to Acquire PCI Energy Solutions for US$1.4B

Mitsubishi Electric logoMitsubishi Electric
Sig3.45Sen+3.30Env0.00Soc0.00Gov+1.20

Mitsubishi Electric has signed an agreement in Tokyo to acquire US$1.4bn software company PCI Energy Solutions, with closing expected before year-end subject to regulatory approval. The deal targets software needs created by a more complex power system, including renewable growth, distributed energy resources, higher electricity demand, and volatility in power markets.

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