Mitsubishi Electric Corporation has announced today the acquisition of F.A. TECH CO.,LTD. (F.A. TECH), a Factory Automation (FA) product distributor and long-time partner in Thailand, to expand Mitsubishi Electric's FA business there, which is already experiencing significant growth. Through the acquisition, Mitsubishi Electric expects to raise FA sales in Thailand to JPY 20 billion (USD 210 million) by the fiscal year ending in March 2018.
Mitsubishi Electric established a new company, Mitsubishi Electric Factory Automation (Thailand) Co., Ltd. (MELFT), on April 22 in preparation to take over the operations of F.A. TECH beginning in September. The FA product and Computerized Numerical Controller (CNC) sales and service divisions of Mitsubishi Electric Automation Thailand Co., Ltd. (MEATH) will also be transferred to MELFT. The new company will operate from the premises of the current F.A. TECH office in Bangkok.
MEATH will continue to manufacture and sell industrial motors, pumps, electrical discharge machines and laser processing machines.
The acquisition of F.A. TECH will strengthen the Mitsubishi Electric Group's FA solution, sales and technical capabilities. For over 20 years, F.A. TECH has been a leading partner of Mitsubishi Electric, providing reliable, high-quality sales and technical support for Mitsubishi Electric FA products and CNCs sold in the automotive and industrial markets. Robust growth is forecast in Thailand's factory automation market, particularly in the automotive industry, which is attracting increasing foreign investment.
Nike Air Max 90 Candy Drip