Press Information

Mitsubishi Heavy Industries Mechatronics Systems, Ltd.
to Commence Operations under New Business Structure
-- Set to Pursue Vigorous Market Development through Newly Acquired Operations in Hydraulics & Machinery and Particle Accelerators --

No.1923
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Tokyo, September 25, 2015 - Mitsubishi Heavy Industries Mechatronics Systems, Ltd. (MHI-MS), a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI) succeeding to MHI's operations in hydraulics & machinery and particle accelerators, will commence operations under its new business structure on October 1. In its new incarnation, MHI-MS will pursue business expansion and stabilization through integrated operations with the products it is taking over from MHI.

Effective October 1, MHI-MS's current businesses in electrostatic precipitators (ESP) and solvent recovery systems will be transferred to Mitsubishi Hitachi Power Systems Environmental Solutions, Ltd. (MHPS-ES), a group company of Mitsubishi Hitachi Power Systems, Ltd. (MHPS) being launched on that date to take over MHPS's current business in dust collectors. Effective November 1, MHI-MS will then further succeed to MHI's business in intelligent transport systems (ITS).

Kobe-based MHI-MS is presently capitalized at 1,060 million yen and has approximately 1,280 employees. Tadashi Nagashima, currently Executive Vice President of MHI-MS, will serve as the company's new president.

Of the businesses to be newly taken over, the hydraulics & machinery products MHI-MS will begin handling will include hydraulic equipment, deck machinery and deck cranes, testing equipment and air-heaters; the particle accelerator products will include accelerating tubes – the core product in this area – as well as devices and systems incorporating these tubes. The ITS operations to be taken over on November 1 will include highway toll collection systems, ETC (electronic toll collection) systems, and traffic control systems.

MHI-MS was originally launched in 1968 as a company handling the design, manufacture and after-sale servicing of machinery and environmental systems. Subsequently, as a result of reorganization of MHI's group companies MHI-MS's business scope expanded to include mechanical parking systems and steel structures equipment. Now, buoyed by its succession to the additional product operations, the company will pursue the development and provision of more sophisticated testing and inspection systems, system products applying hydraulic and particle accelerator technologies for use in cultural and sports facilities, and mechanical parking systems and testing equipment incorporating ITS technologies, in a quest for greater penetration of those markets.

Profile of the Successor Company (effective November 1, 2015)

Name

Mitsubishi Heavy Industries Mechatronics Systems, Ltd.

Head office

4-22, Wadamiya-dori 5-chome, Hyogo-ku, Kobe, Japan

Representative

Tadashi Nagashima, President

Business

Design, manufacture, marketing and after-sale servicing of mechanical devices (testing systems, culture/sports facilities, particle accelerators), toll collection machinery and systems, ETC (electronic toll collection) systems and onboard equipment, hydraulic machinery and equipment, deck machinery and deck cranes, air-heaters, water treatment equipment, mechanical parking systems, steel structures plants, and other mechanical equipment

Employees

Approx. 1,280

Capital

1,060 million yen

Fiscal year end

March 31