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M&A and Subsidiary Changes6503Mitsubishi Electric CorporationElectrical Equipment and Precision Instruments

Making U.S.-Based PCI Energy Solutions a Wholly Owned Subsidiary: Strengthening the Smart Energy Business

Mitsubishi Electric announced that it will acquire 100% of U.S.-based PCI Energy Solutions and make it a wholly owned subsidiary. The acquisition price is US$1,400M. By incorporating PCI’s power and energy operations software, Mitsubishi Electric will strengthen its smart energy business.

Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1400
US$M
Wording
Conditional
How definitive the wording is.

This transaction

PCI acquisition
Disclosing companyMitsubishi Electric Corporation
PCI Energy Solutions (registered name: Power Costs, Inc.)Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Target company

Development and provision of software for optimizing power generation assets, managing energy trading and participating in energy markets

Location Norman, Oklahoma, United StatesDate of incorporation Established in 1992
Net SalesUS$82M (2025 actual results)
Consideration and expenses
Acquisition priceUS$1,400M
Impact on Business Performance

Through the acquisition of PCI and the creation of synergies, Mitsubishi Electric will expand its energy solutions business to ¥200 billion in sales, with an operating margin of 28%, in fiscal 2030

This transaction
ItemDetails
Transaction namePCI acquisition
Name of the Subject CompanyPCI Energy Solutions (registered name: Power Costs, Inc.)
Business Description of the Subject CompanyDevelopment and provision of software for optimizing power generation assets, managing energy trading and participating in energy markets
Location of the Subject CompanyNorman, Oklahoma, United States
Date of Establishment of the Subject CompanyEstablished in 1992
Net Sales of the Subject CompanyUS$82M (2025 actual results)
Acquisition priceUS$1,400M
Voting rights ownership percentageAfter 100% (before not disclosed)
Impact on Business PerformanceThrough the acquisition of PCI and the creation of synergies, Mitsubishi Electric will expand its energy solutions business to ¥200 billion in sales, with an operating margin of 28%, in fiscal 2030
Items this document does not state (23)
Counterparty nameCapital Stock of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The aim is to combine PCI’s energy optimization technologies and SaaS model with Mitsubishi Electric’s energy management technologies, BLEnDer, Serendie and power electronics, and to roll out globally an end-to-end energy optimization solution covering everything from the management and control of demand-side facilities through power trading.

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Making U.S.-Based PCI Energy Solutions a Wholly Owned Subsidiary: Strengthening the Smart Energy Business | Mitsubishi Electric Corporation (6503) timely disclosure | Komori