Key Facts
• On September 9, Mitsubishi Electric announced the acquisition of Nozomi Networks.
• The U.S.-based company specializes in cybersecurity software for factories.
• The acquisition cost approximately 130 billion yen, Mitsubishi Electric’s largest to date.
• Nozomi Networks will become a wholly owned subsidiary of Mitsubishi Electric.
• The move aims to strengthen support for manufacturing and infrastructure cybersecurity.
• The acquisition addresses the urgent need for countermeasures against cyberattacks.
Summary
Mitsubishi Electric has announced its largest acquisition to date, purchasing U.S.-based cybersecurity firm Nozomi Networks for approximately 130 billion yen. The deal, revealed on September 9, will make Nozomi Networks a wholly owned subsidiary. Known for its software that protects factories from cyberattacks, Nozomi Networks’ acquisition aligns with Mitsubishi Electric’s goal to enhance cybersecurity support for manufacturing and infrastructure sectors. This move comes as the need for robust cyberattack countermeasures becomes increasingly critical.
