Mitsubishi Electric Corporation and KH-Automation Projects GmbH, a subsidiary of Koop Holding Group and long term strategic partner of Mitsubishi Electric, announced by mutual agreement that Mitsubishi Electric will acquire 100% share of KH-Automation. This strategic acquisition brings together two partners who have enjoyed a close working relationship over the past 12 years.
The complimentary combination of KH-Automation Projects market leading PMSX®pro Distributed Control System, knowledge in water and power generation applications as well as project management experience with the development power and global market reach of Mitsubishi Electric is expected to create strong growth opportunities for both companies.
Hartmut Puetz, President of Mitsubishi Electric Factory Automation Europe commented "KH-Automation is a respected and well managed company which shows in the success they have enjoyed in the water and power generation markets. The PMSX®pro DCS has totally integrated Mitsubishi Electric's automation throughout its DNA and this combination of KH-Automation's knowhow and our hardware has resulted in a robust and market leading solution."
Manfred Pfaar, Managing Director of KH-Automation Projects added "We are very excited about the future business together with Mitsubishi Electric. We already have a strong working relationship and we expect a closer collaboration will generate many new opportunities."
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