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flag Mitsubishi Electric acquires Nozomi Networks for $1 billion to enhance industrial cybersecurity.

flag Mitsubishi Electric has acquired Nozomi Networks for about $1 billion, aiming to boost industrial cybersecurity and digital transformation. flag Nozomi, a leader in OT, IoT, and CPS security, will become a wholly owned subsidiary, continuing its operations independently. flag The deal, pending regulatory approval, highlights the growing need for advanced cybersecurity in the digital age, combining Mitsubishi's OT expertise with Nozomi's innovative security platforms.

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