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Mitsubishi Generator Commences Operations
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TOKYO, April 1, 2024 - Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) jointly announced today that they have completed the integration of their respective power-generator systems businesses under Mitsubishi Generator Co., Ltd., which commenced operations today.
Previously, the two companies signed an agreement with MTG Co., Ltd., Mitsubishi Generator's predecessor company, for an absorption-type company split, and then began working to spin off and integrate their respective businesses, as announced on December 11, 2023.
Mitsubishi Generator will now combine the technologies and assets of the two respective businesses to achieve enhanced market competitiveness. The integration is expected to realize strong synergies that will enable Mitsubishi Generator to expand its power-generator systems business on a global scale and thereby contribute to the realization of a carbon-neutral world.
Overview of Mitsubishi Generator Co., Ltd. (as of April 1, 2024)
| Name | Mitsubishi Generator Co., Ltd. |
| Head office | 1-1-2 Wadasakicho, Hyogo-ku, Kobe City, Hyogo |
| President | Naohiro Nakano |
| Business |
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| Paid-in capital | 1,000 million yen |
| Fiscal year end | March 31 |
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About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.