Mitsubishi Electric acquires Vincotech Holdings

TOKYO, JAPAN: Mitsubishi Electric Corp. has announced that Mitsubishi Electric and The Gores Group have entered into a Share Purchase Agreement on the acquisition of Vincotech group, a manufacturer of electronic components based in Germany.

Having its main business activities in Europe, Vincotech specializes in the development, manufacturing (assembly testing process) and distribution of low power devices that are used as inverters for general industrial applications and power conditioners for solar power system applications.

By acquiring Vincotech, Mitsubishi Electric seeks to further strengthen its power device business and to complement Mitsubishi Electric's medium and high power device technology with Vincotech's low power device technology.