Hitachi Industrial Equipment Systems Co.,Ltd. agreed to acquire Distribution transformer business of Mitsubishi Electric?s Nagoya Works from Mitsubishi Electric Corporation.

Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows: - industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.; - electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.; - household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.; - information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.; - electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.; - other (13.2%): financial services, real estate management, engineering and maintenance services, etc. Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).