Mitsubishi Electric to buy out Polish supplier Medcom
POLAND: Mitsubishi Electric has agreed to buy the remaining shares in Medcom, taking full ownership of the Warsaw-based power electronics manufacturer after a decade as minority shareholder. The transaction is expected to complete by the end of September.
The purchase, announced on 7 August, will be executed through the group’s European subsidiary Mitsubishi Electric Europe B.V. and is subject to regulatory approval. No purchase price was disclosed.
Medcom designs, manufactures and maintains auxiliary power supply systems, propulsion control equipment and industrial power electronics, with Europe as its primary market. Its equipment runs in main line and urban rolling stock across the continent, as well as in battery-electric buses and trolleybuses.
From minority stake to full ownership
Mitsubishi Electric first invested in Medcom in 2016 and has held a minority position since.
Over that period Medcom has built its product line around Mitsubishi Electric’s silicon carbide (SiC) power devices, developing traction equipment with higher output at reduced size and weight. The company has said the acquisition does not end its independent operations.
A production base beyond rail
Mitsubishi Electric said full ownership will allow it to integrate group resources and speed up decision-making, strengthening a transportation business centred on Europe — what the group describes as the world’s largest rail market.
The group intends to use Medcom as a development and manufacturing base for power electronics components beyond the transport sector, extending into broader infrastructure businesses.