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Mitsubishi Electric Power Products, Inc. has successfully completed the acquisition of Computer Protection Technology (CPT), a leading service provider in the critical power sector based in Southern California. The financial terms remain undisclosed. This acquisition aims to enhance MEPPI's service capabilities amidst growing demand in critical power solutions due to increased digital initiatives. CPT will continue its operations as a service branch of MEPPI, leveraging synergies to create significant value for both companies' customers.
Positive
Acquisition aimed at strengthening service capabilities in the critical power industry.
Increased demand for critical power solutions driven by digital initiatives.
CPT's established customer base enhances MEPPI's market presence.
Negative
None.
The acquisition of CPT further strengthens Mitsubishi Electric’s service capabilities in the critical power industry
Mitsubishi Electric Power Products, Inc. (MEPPI) acquires Computer Protection Technology (CPT). (Graphic: Business Wire)
Demand for critical power equipment and services escalates as businesses pursue digital initiatives employing mobile, edge computing, internet of things, and data analytics. MEPPI has a long history of successfully satisfying customer needs for continuously reliable power products and solutions that maximize customer uptime. As a professional and experienced provider of critical power services, CPT has established a robust and loyal customer base. This marriage of a renowned critical power systems manufacturer with a leading service provider will create exponential value for customers of both companies.
CPT will maintain base operations in southern California, as a service branch of MEPPI.
About Computer Protection Technology
Computer Protection Technology (CPT) was formed in 1986 in Southern California with field service offices located throughout Los Angeles, Orange, San Diego and surrounding counties. CPT is driven to provide personal, honest and reliable Power Protection services. CPT’s commitment to their customers has led to steady, manageable growth over the years. CPT is now viewed as the dominant Critical Power Service Organization in the Region. For more information, visit www.cptups.com.
About Mitsubishi Electric Power Products, Inc.
Headquartered in Warrendale, Pennsylvania, Mitsubishi Electric Power Products, Inc. (MEPPI) is a U.S. affiliate of Mitsubishi Electric Corporation serving the North American power systems, data center, rail transportation, and large visual display markets. MEPPI products include gas circuit breakers, vacuum circuit breakers, power transformers, gas-insulated substations, FACTS, high voltage DC systems, battery energy storage systems, electric generators, nuclear power plant control systems, uninterruptible power supplies, rail transportation equipment, rail signaling systems, and high-definition LED displays. Information on MEPPI’s complete line of products and services can be found at www.MEPPI.com. Information on MEPPI’s Critical Power Solutions Division can be found at www.MitsubishiCritical.com.
About Mitsubishi Electric Corporation
With over 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment.
Tim Kovach Marketing Communications Manager
Mitsubishi Electric Power Products, Inc. (MEPPI)
Tim.Kovach@meppi.com
Phone: (724) 778-5275
Jack Bowen Manager of Marketing and Planning
Critical Power Solutions Division
Mitsubishi Electric Power Products, Inc. (MEPPI)
Jack.Bowen@meppi.com
Phone: (724) 742-3429
Source: Mitsubishi Electric Power Products, Inc.
FAQ
What is the significance of Mitsubishi Electric's acquisition of CPT?
The acquisition strengthens Mitsubishi Electric’s service capabilities in the critical power sector, responding to growing market demand.
When was the acquisition of Computer Protection Technology by Mitsubishi Electric completed?
The acquisition was announced and completed recently, although no specific date is provided.
What impact does the acquisition of CPT have on Mitsubishi Electric's market strategy?
The acquisition is expected to enhance market presence and customer service capacity in the critical power industry.
What will happen to CPT after the acquisition by Mitsubishi Electric?
CPT will operate as a service branch of Mitsubishi Electric Power Products, maintaining its base in Southern California.
Are the financial terms of the CPT acquisition disclosed?
No, the financial terms of the transaction were not disclosed.
