Key Facts
• On September 9, Mitsubishi Electric announced the acquisition of Nozomi Networks.
• The deal involves purchasing 93% of Nozomi’s shares for $1.29 billion.
• The acquisition will make Nozomi Networks a wholly owned subsidiary.
• A merger agreement was signed on the same day, with completion expected by year-end 2025.
• Mitsubishi Electric and Nozomi began a collaboration agreement in 2024 to strengthen OT security.
• The growing importance of OT security is driven by increased connectivity of infrastructure devices.
• Mitsubishi aims to combine its OT solutions with Nozomi’s advanced security technologies.
• The acquisition targets enhanced cybersecurity for industries like power, railways, and manufacturing.
Summary
Mitsubishi Electric has announced the acquisition of US-based Nozomi Networks for $1.29 billion, securing 93% of the company’s shares. This move will make Nozomi a wholly owned subsidiary, with the merger expected to finalize by the end of 2025. The acquisition builds on a 2024 collaboration between the two companies to address the growing demand for operational technology (OT) security solutions. As industrial and infrastructure devices become increasingly connected, the importance of cybersecurity has surged. Mitsubishi plans to integrate its OT expertise with Nozomi’s cutting-edge security technologies to strengthen its position in the expanding OT security market, particularly in sectors like power, railways, and manufacturing.
