Mitsubishi Electric Completes Full Acquisition of Nozomi Networks
MITSUBISHI ELEC UNSP/ADR (MIELY)
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mitsubishielectric.com/company/ir/index.html
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Source: Business Wire
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the completion of its acquisition of all outstanding shares of Nozomi Networks Inc., following the announcement on September 9, 2025 regarding its plan to make Nozomi a wholly-owned subsidiary.Overview of the Subsidiary Being TransferredNameNozomi Networks Inc.LocationSuite 3650, 575 Market St, San Francisco CA 94105President & CEOEdgard CapdevielleDescription ofbusinessDevelopment and sales of OT security solutionsYear of establishmentSeptember 16, 2016Employees336 (as of December 2025)Nozomi Networks’ consolidated operating results and financial positions in the past three years(unit: thousand USD)As of / for the year endedDecember 31, 2023December 31, 2024December 31, 2025Net revenue62,56074,695101,709Closing DateJanuary 28, 2026Future Outlook
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