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Associated Press
30-04-2025
- Business
- Associated Press
Mitsubishi Electric Acquires Irish Elevator Company Ascension Lifts
TOKYO--(BUSINESS WIRE)--Apr 30, 2025-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has acquired all shares of Ascension Lifts Limited, an Irish elevator company based in Dublin, through its wholly owned subsidiary Motum AB, headquartered in Stockholm, Sweden, on April 29. Mitsubishi Electric and its Tokyo-based subsidiary Mitsubishi Electric Building Solutions Corporation are expanding their worldwide business in elevator maintenance and renewal, which is expected to enjoy growing demand in the building systems sector, one of Mitsubishi Electric's priority growth businesses. In the mature European market, the demand for maintenance and renewal services is forecast to grow against the backdrop of aging elevators and escalators and heightened environmental awareness. In response, the two companies plan to create an operational structure capable of accelerating the delivery of value to customers. Ascension Lifts, which has been operating in the Irish elevator market for many years, has excellent technical capabilities and know-how for multi-brand maintenance and renewal, as well as a strong customer network. Through this acquisition, Mitsubishi Electric and Mitsubishi Electric Building Solutions will strengthen their business base in the Irish market by expanding their business domain into maintenance and renewal, starting with the use of Ascension Lifts's maintenance stock, and promote their strategy for expanding the elevator and escalator business in the European market. For the full text, please visit: View source version on CONTACT: Customer Inquiries Global Business Development Group Strategic Planning Office (LBS) Mitsubishi Electric Corporation Tel: +81-3-3218-2950 Inquiries Takeyoshi Komatsu Public Relations Division Mitsubishi Electric Corporation Tel: +81-3-3218-2332 [email protected] Communications Division Mitsubishi Electric Building Solutions Corporation Tel: +81-3-6206-5030 [email protected] KEYWORD: IRELAND SWEDEN UNITED KINGDOM JAPAN ASIA PACIFIC EUROPE INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER MANUFACTURING HARDWARE BUILDING SYSTEMS PUBLIC TRANSPORT TECHNOLOGY TRANSPORT MANUFACTURING SOURCE: Mitsubishi Electric Corporation Copyright Business Wire 2025. PUB: 04/30/2025 03:30 AM/DISC: 04/30/2025 03:29 AM
Associated Press
27-02-2025
- Business
- Associated Press
Mitsubishi Electric Signs Joint Research Agreement with Six Organizations, Aiming to Achieve Deployable and Scalable Quantum Information Processing
Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has signed a joint research agreement with Quantinuum K.K., Keio University, SoftBank Corp., Mitsui & Co., Ltd., YOKOHAMA National University, and LQUOM, Inc. Their collaboration aims to enable deployable and scalable quantum information processing by achieving and demonstrating the connection of multiple quantum devices in a practical environment. Quantum technology is expected to significantly transform information processing in areas such as computing, communication and measurement, which serve as the foundation for scientific and technological advancement. In particular, within the field of computing, it is anticipated that practical quantum computers will emerge in the near future, coexisting with conventional classical computers and heralding their commercial utilization. However, even with the advent of such devices, a single computer will have limited processing capacity and may encounter service disruptions due to malfunctions or maintenance issues. Thus, the ability to connect multiple devices to enhance processing capabilities and enable flexible operation and management is required. Additionally, photons—elementary particles of light—are employed for the transmission of quantum information; these are frequently lost over long-distance connections, an issue which quantum repeating technology is capable of addressing. The joint research that will result from this collaboration will focus on scalable quantum information processing technologies, including the interconnection of multiple quantum computers. The necessary steps towards the maturation of the technology are intra-site connections, connections between neighboring cities, and a worldwide quantum internet. The research will concentrate on realizing the first two of these. CONTACT: Customer Inquiries Information Technology R&D Center Mitsubishi Electric Corporation Inquiries Takeyoshi Komatsu Public Relations Division Mitsubishi Electric Corporation [email protected] KEYWORD: JAPAN ASIA PACIFIC Copyright Business Wire 2025. PUB: 02/26/2025 09:10 PM/DISC: 02/26/2025 09:10 PM
