Mitsubishi Electric to Buy PCI Energy Solutions for $1.4 Billion
Mitsubishi Electric will acquire PCI Energy Solutions, a U.S. provider of energy trading management software, for $1.4 billion, its largest deal expected to close this year subject to regulatory approval. The move is aimed at expanding global smart energy services by combining Mitsubishi Electric power control and component expertise with PCI optimization tools. Mitsubishi Electric targets energy solutions sales to reach 200 billion yen in fiscal 2030 from 100 billion yen in fiscal 2026.