Mitsubishi Electric announced that it will acquire U.S.-based PCI Energy Solutions. The total transaction value is approximately $1.4 billion, covering energy management software for power generation management and demand forecasting.
Mitsubishi Electric will expand its energy management software business by acquiring U.S.-based PCI Energy Solutions. The total acquisition price will be approximately $1.4 billion (approximately ¥220 billion), making it one of Mitsubishi Electric's largest acquisitions. The company aims to complete the acquisition by year-end.
PCI Energy Solutions provides software that centrally manages power generation from sources including thermal and solar power and supports appropriate trading based on demand forecasts. Mitsubishi Electric says that its software manages a considerable share of power generation in the United States.