Mitsubishi Electric

Intro and history: Mitsubishi Electric is a global leader in the manufacture and sales of electrical and electronic equipment. Founded in 1921, the company is a part of the Mitsubishi Group, a conglomerate of Japanese companies. Over the years, Mitsubishi Electric has expanded its operations across various sectors including energy, industrial automation, information and communication systems, electronic devices, and home appliances. Industry: Electronics, Electrical Equipment Product, Services and Operations: Mitsubishi Electric provides a wide range of products and services. These include air conditioning systems, automotive equipment, building systems, energy systems, factory automation systems, home products, information & communication systems, public systems, semiconductors & devices, space systems, transportation systems, and visual information systems. Funding Details: As a publicly-traded company, Mitsubishi Electric's funding comes from its shareholders. As of March 2021, its market capitalization is approximately 3.2 trillion JPY. Acquisitions: Mitsubishi Electric has made several acquisitions over the years to expand its business operations. Notable ones include the acquisition of ICONICS, Inc., a U.S. software company specializing in SCADA, IoT, mobile, analytics, and cloud software. Awards and Achievements: Mitsubishi Electric has received numerous awards for its innovative products and commitment to quality. These include the "Red Dot Award: Product Design 2020" for its Kirigamine Z Series room air conditioners, and the "iF Design Award 2020" for its multi-split air conditioning system for buildings.