Mitsubishi Electric and Hitachi Industrial Equipment Systems agree to transfer Mitsubishi's distribution transformer business to Hitachi.

Mitsubishi Electric and Hitachi Industrial Equipment Systems have agreed to transfer Mitsubishi Electric's distribution transformer business from its Nagoya Works to Hitachi. The companies will integrate their businesses after obtaining regulatory approval. The deal will involve transferring assets and other items related to the distribution transformer business, including development, design, and manufacturing.

April 05, 2024
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