Mitsubishi invests in Medcom
11:37
Mitsubishi Electric has acquired a 49 percent stake in Medcom, which specializes in the manufacturing of equipment for uninterruptible power supply systems, as well as equipment for improving the quality of electrical power. The value of the transaction was not revealed.
Mitshubishi Electric said that thanks to the acquisition it will strengthen its position in Europe. The Japanese company wants to increase its sale revenues in the transport system segment to $174 million a year.
Warsaw-based Medcom has been operating since 1988.
