Mitsubishi Electric Signs Agreement to Wholly Acquire Nozomi Networks

(6503.T) TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has entered into an agreement to acquire all shares of Nozomi Networks Inc., a U.S.-based developer and distributor of operational technology (OT) security solutions. Nozomi Networks serves a diverse range of customers, primarily in social infrastructure sectors such as power and railways, as well as in the manufacturing industry. This acquisition pertains to shares not already owned by Mitsubishi Elec