Mitsubishi Electric Signs Agreement to Wholly Acquire Nozomi Networks

Core Insights - Mitsubishi Electric Corporation has announced an agreement to acquire all shares of Nozomi Networks Inc., a U.S.-based developer of operational technology security solutions [1] - Nozomi Networks primarily serves customers in social infrastructure sectors such as power and railways, as well as in the manufacturing industry [1] Company Summary - The acquisition involves shares not already owned by Mitsubishi Electric [1] - This strategic move indicates Mitsubishi Electric's commitment to enhancing its capabilities in operational technology security [1]