Tokyo, Japan: Mitsubishi Electric Corporation has agreed to acquire all remaining shares of Polish rail equipment manufacturer MEDCOM Sp. z o.o., strengthening its transportation business and expanding its operational base in Europe.
The Japanese electronics and engineering company said its wholly owned subsidiary, Mitsubishi Electric Europe B.V., has agreed to acquire additional shares in MEDCOM. Once completed, Mitsubishi Electric Group will hold 100% of the Polish company’s shares.
The transaction remains subject to the necessary regulatory approvals and is expected to be completed during the first half of the fiscal year ending March 2027.
MEDCOM designs, manufactures, sells and maintains electrical equipment for railcars and electric urban transportation. Its product portfolio includes auxiliary power supply systems, propulsion control systems and industrial power electronics equipment. The company’s main business is in Europe, which Mitsubishi Electric identifies as the world’s largest rail market based on the UNIFE World Rail Market Study 2024.
Mitsubishi Electric first invested in MEDCOM in 2016, after which the Polish company expanded its business across Europe. MEDCOM has also used Mitsubishi Electric’s silicon carbide (SiC) power devices in the development of rail equipment designed to deliver higher output while reducing size and weight.
The acquisition is intended to bring MEDCOM’s operations more closely into the Mitsubishi Electric Group and allow resources to be integrated across the business. The company expects full ownership to support faster decision-making, improve operational efficiency and strengthen competitiveness in its transportation operations.
Going forward, Mitsubishi Electric plans to use MEDCOM’s high-performance power electronics capabilities as a key technology base for developing and manufacturing components and solutions. The company also sees potential to extend these capabilities beyond transportation into a broader range of infrastructure-related businesses.
The acquisition comes as European countries continue to promote railways and electric urban transportation as lower-emission alternatives to cars and aircraft. Mitsubishi Electric also pointed to plans for high-speed rail links between major European cities and the expansion of domestic rail networks in Poland and other countries.
At the same time, ageing railcars and associated equipment are creating additional demand for railway infrastructure upgrades, providing a wider market opportunity for electrical and power electronics technologies.
The proposed full acquisition will therefore give Mitsubishi Electric greater control over a business that has become an important part of its overseas transportation operations, while strengthening its broader European industrial base.
Source: his article is based on an official press release issued by Mitsubishi Electric Corporation
Mitsubishi Electric to Wholly Acquire Polish-based MEDCOM, Manufacturer of Electrical Equipment for Railcars | MITSUBISHI ELECTRIC INDIA
