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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Mitsubishi Electric Announces Name of Subsidiary That Will Integrate Building Systems Business Following Company Split

November 11, 2021 GMT

TOKYO--(BUSINESS WIRE)--Nov 10, 2021--

Mitsubishi Electric Corporation (TOKYO: 6503) announced today the name of Mitsubishi Electric Building Techno-Service Co., Ltd., a new wholly owned subsidiary that will integrate the company’s building systems business following a company split. The name had been undetermined at the time of the announcement “ Mitsubishi Electric to Integrate Building Systems Business into Subsidiary via Company Split ” dated October 18.

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Other than the company name being announced today, other previously announced details regarding the new company remain the same, as follow:

Status of Succeeding Company After Company Split

(1) Name

Mitsubishi Electric Building Solutions Corporation

(2) Head Office

To be determined

(3) Representative

To be determined

(4) Summary of Business

- Development, manufacture, sales, installation, maintenance, repair, etc., of elevators, escalators and building management systems

- Sales, installation, maintenance and repair of refrigeration systems and air conditioners

- Comprehensive building management, including monitoring and control of various building facilities, facility management, operation, and consulting

(5) Paid-in Capital

5,000 million yen

(6) Book Closing Date

March 31

For the full text, please visit: www.MitsubishiElectric.com/news/

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View source version on businesswire.com:https://www.businesswire.com/news/home/20211110005594/en/

CONTACT: Customer Inquiries

Building Systems Group

Mitsubishi Electric Corporation

BSG.Webmaster@ny.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/products/building/Media Inquiries

Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

KEYWORD: JAPAN ASIA PACIFIC

INDUSTRY KEYWORD: OTHER MANUFACTURING PUBLIC TRANSPORT TECHNOLOGY CONSTRUCTION & PROPERTY ENGINEERING TRANSPORT BUILDING SYSTEMS MANUFACTURING HARDWARE OTHER CONSTRUCTION & PROPERTY

SOURCE: Mitsubishi Electric Corporation

Copyright Business Wire 2021.

PUB: 11/10/2021 11:10 PM/DISC: 11/10/2021 11:11 PM

http://www.businesswire.com/news/home/20211110005594/en