Mitsubishi Electric moves toward joint venture with ABB, while Schneider strengthens its software business as restructuring sweeps through the factory automation industry (Page 2)

Mitsubishi Electric has reported plans to form a joint venture with ABB, while Schneider Electric is moving to strengthen its software in the FA sector. Reports suggest this will intensify restructuring activity in the FA industry.

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The story

Mitsubishi Electric is reportedly moving toward establishing a joint venture with ABB, with the two companies apparently intending to integrate their respective technologies and market development capabilities.

Schneider Electric is pushing ahead with efforts to strengthen its software in the FA sector, drawing attention to moves that could accelerate industry restructuring.

At a glance

NatureMitsubishi Electric and ABB reportedly plan to form a joint venture

CounterpartyPlans to establish a joint venture with ABB reportedly emerge

TrendSchneider reportedly moves to strengthen software in the FA sector

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