Mitsubishi Electric to Acquire U.S.-based Computer Protection Technology

Rhea-AI Summary

Mitsubishi Electric Corporation has announced the acquisition of Computer Protection Technology, Inc. (CPT) to enhance its uninterruptible power supply (UPS) business in North America. This strategic move aims to capitalize on the growing demand for UPS solutions driven by the rising popularity of cloud services and data centers. The acquisition is expected to bolster Mitsubishi's service capabilities, allowing for comprehensive one-stop services from installation to maintenance for UPS systems.

Positive

• Strategic acquisition of CPT strengthens UPS business in North America.
• Growing demand for UPS systems linked to increased cloud services and data center needs.

Negative

• None.

Aiming to strengthen uninterruptible-power-supply business in North America

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) has formally agreed to acquire all shares of Computer Protection Technology, Inc. (CPT), headquartered in San Diego, California, aiming to expand its uninterruptible power supply (UPS) business in North America. Going forward, MEPPI and CPT will strengthen their respective business structures to provide highly reliable and professional one-stop services—from installation to maintenance—for UPS systems in the North American market.

Demand for UPS has been growing rapidly in parallel with rising needs for data centers due to the increasing popularization of cloud services, mobile devices and big data. Facility and service operators rely critically on stable UPS equipment operation and the ability of UPS providers to respond immediately to any emergency.

As a proven UPS maintenance company, CPT has long earned the trust of customers in the greater California area. By acquiring CPT, Mitsubishi Electric expects to leverage its newly broadened capabilities in order to grow its UPS business in the expanding North American market.

For the full text, please visit: www.MitsubishiElectric.com/news/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220224005454/en/

Customer Inquiries

Overseas Marketing Division

Public Utility Systems Group

Mitsubishi Electric Corporation

Tel: +81-3-3218-9241

www.MitsubishiElectric.com/products/public/

Media Inquiries

Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Source: Mitsubishi Electric Corporation