Mitsubishi Electric acquires Smarter Grid Solutions software company

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Mitsubishi Electric (OTCPK:Mely -0.4%) acquires UK-based Smarter Grid Solutions, a provider of distributed energy (DER) management software for utilities and DER operators.

The company said the acquisition will strengthen its DER-management solutions.

“SGS Limited offer innovative solutions to companies across Europe and North America, have been helping with the install, manage, and optimize the use of renewable sources of energy, and we’re looking forward to that core competences OF the manager of new markets around the world,” said Noriyuki Takazawa, group president of Energy and Industrial Systems Group Mitsubishi Electric Corporation.

SGS Limited will continue to operate in Glasgow, Scotland and will report to Mitsubishi Electric’s subsidiary Mitsubishi Electric Power Products.

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Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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