Mitsubishi Electric has agreed to acquire U.S.-based PXiSE Energy Solutions LLC for approximately $1.4 billion. The consideration will be approximately ¥221.9 billion.
Mitsubishi Electric has announced the acquisition of U.S.-based PXiSE Energy Solutions LLC, which provides energy management and optimization software, and the transaction value has been reported as $1.4 billion (approximately ¥221.9 billion).
The target company develops and provides energy management and optimization software. Mitsubishi Electric has indicated that the acquisition will expand its business platform for energy-related solutions.