Product category:
Smaller-Sized PLCs
News Release from: Mitsubishi Electric Automation Systems
Edited by the Engineeringtalk Editorial
Team on 06 June 2007
Italian drives acquisition announced
Mitsubishi is striving to double its share of the European Industrial Automation market and has acquired Italian drives specialist SCS.
Mitsubishi Electric has acquired Tre Diamanti, the recently rebranded distribution arm of Italian drives specialist SCS Tre Diamanti, which is Mitsubishi's largest drives distributor, currently has an inverter turnover of Eur 11.0 million and is now set for even greater growth following the take over
This article was originally published on Engineeringtalk on 6 Aug 2008 at 8.00am (UK)
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This move mirrors similar developments across Europe as Mitsubishi strives to double its share of the European Industrial Automation market.
Mitsubishi has served the Italian market through SCS for over 20 years, with the success based upon drives and servo technologies.
Gualtiero Seva, Factory Automation Division Manager at Mitsubishi Electric's Italian branch, suggests that the general automation business will benefit with the influx of core product experts.
"With this friendly acquisition of our long-term partner, we will be able to combine the expertise and experience of their drives engineers with our specialists in PLCs, HMIs, robots and electromechanical systems".
"Our customers will benefit from an enhanced, quality service that assures a prompt and fast response to all automation issues".
In September 2006 Mitsubishi strengthened its presence in Northern Europe, Scandinavia and the Baltic States with the purchase of 15% of long-term partner Beijers Electronics Automation for Eur 4.8 million.
Simultaneously it opened new factory automation (FA) centres in the Czech Republic and Poland to support the Central and Eastern European automation business.
Mitsubishi sees Europe as one of the most vital trading regions in the world, with the eastward expansion of the EU (European Union) being a driver that will fuel economic growth, partly through a dynamic, high-performance manufacturing sector, for many decades.
Steve Jones, Vice President of Mitsubishi Factory Automation in Europe, adds: "Mitsubishi Electric has been actively building its automation business across Europe for a year or more".
"With these latest actions we are cementing our commitment to the European market and plan to be one of the leading suppliers of hi-tech quality automation products for long in to the foreseeable future". Request free introductory details about products from Mitsubishi Electric Automation Systems ...
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