Mitsubishi Electric Corporation has signed an agreement to acquire all shares of U.S.-based Nozomi Networks, a provider of operational technology security solutions. The acquisition, which is subject to regulatory approvals and customary conditions, is expected to be completed in 2025. Nozomi Networks will operate as a wholly owned subsidiary of Mitsubishi Electric.
The move comes as OT security grows in importance with the expansion of IoT and digital transformation across manufacturing and social infrastructure sectors. Nozomi Networks known for its cybersecurity solutions in industries such as power, railways and manufacturing, brings advanced intrusion detection, visualization technologies and a strong global customer base.
The transaction will be carried out through a reverse triangular merger via a special purpose vehicle established in the U.S., making Nozomi Networks a fully owned subsidiary of Mitsubishi Electric.
Leave a comment