Financial News
Mitsubishi Electric Completes Full Acquisition of Nozomi Networks
Mitsubishi Electric Corporation (TOKYO: 6503) announced today the completion of its acquisition of all outstanding shares of Nozomi Networks Inc., following the announcement on September 9, 2025 regarding its plan to make Nozomi a wholly-owned subsidiary.
Overview of the Subsidiary Being Transferred
Name |
Nozomi Networks Inc. |
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Location |
Suite 3650, 575 Market St, San Francisco CA 94105 |
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President & CEO |
Edgard Capdevielle |
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Description of
|
Development and sales of OT security solutions |
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Year of establishment |
September 16, 2016 |
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Employees |
336 (as of December 2025) |
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Nozomi Networks’ consolidated operating results and financial positions in the past three years (unit: thousand USD) |
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As of / for the year ended |
December 31, 2023 |
December 31, 2024 |
December 31, 2025 |
Net revenue |
62,560 |
74,695 |
101,709 |
Closing Date
January 28, 2026
Future Outlook
Mitsubishi Electric will promptly inform if there is a need to revise its consolidated performance forecasts or if there are any matters that should be disclosed as a result of this transaction.
For the full text, please visit: www.MitsubishiElectric.com/news/
View source version on businesswire.com: https://www.businesswire.com/news/home/20260128042624/en/
Contacts
Customer Inquiries
OT Security Business Development Dept.
Industry & Mobility Business Area
Mitsubishi Electric Corporation
ot-security-info@mf.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/
Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2332
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/en/pr/
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