Mitsubishi Electric Corporation (TOKYO: 6503) announced that its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) is to acquire all shares of Computer Protection Technology, Inc. (CPT), a San Diego, California-based provider of Power Protection services.
The amount of the deal was not disclosed.
The acquisition will enable Mitsubishi Electric to expand its uninterruptible power supply (UPS) business in North America. Going forward, MEPPI and CPT will strengthen their respective business structures to provide professional one-stop services-from installation to maintenance-for UPS systems in the North American market.
As a proven UPS maintenance company, CPT has long earned the trust of customers in the greater California area. By acquiring CPT, Mitsubishi Electric expects to leverage its newly broadened capabilities in order to grow its UPS business in the expanding North American market.
Formed in 1986 in Southern California with field service offices located throughout Los Angeles, Orange, San Diego and surrounding counties, Computer Protection Technology is driven to provide personal, honest and reliable Power Protection services.
Headquartered in Warrendale, Pennsylvania, Mitsubishi Electric Power Products, Inc. (MEPPI) is a U.S. affiliate of Mitsubishi Electric Corporation serving the North American power systems, data center, rail transportation, and large visual display markets. MEPPI products include gas circuit breakers, vacuum circuit breakers, power transformers, gas-insulated substations, FACTS, high voltage DC systems, battery energy storage systems, electric generators, nuclear power plant control systems, uninterruptible power supplies, rail transportation equipment, rail signaling systems, and high-definition LED displays.
FinSMEs
26/02/2022