AP NEWS

Mitsubishi Electric to Acquire ASTES4 SA in Switzerland

August 6, 2018

TOKYO--(BUSINESS WIRE)--Aug 5, 2018--Mitsubishi Electric Corporation (TOKYO: 6503) announced the acquisition of ASTES4 SA (ASTES4), a company based in Switzerland that is engaged in development, production and sales of patented automated sorting solutions for sheet metal laser processing machines, on August 3. With ASTES4 as a wholly owned subsidiary, Mitsubishi Electric will offer integrated solutions to the global market with ASTES4’s automated sorting systems embedded into Mitsubishi Electric’s high value-added sheet metal laser processing machines. The company aims to further expand its worldwide business through this acquisition.

Mitsubishi Electric’s sheet metal laser processing machine business is developing globally in Japan, the Americas, Europe, China, Southeast Asia and India. The lack of human resources in production facilities and the ability of fiber lasers to produce higher volumes generally escalate the demand for a significant increase in productivity by automating sheet metal laser processing, including pre- and post-processing. Sheet metal laser processing involves loading the material, laser cutting, unloading cut materials as well as removing and sorting cut parts from the frame. Lately, worldwide demand for such sorting solutions is on the rise.

ASTES4 provides flexible automated sorting solutions for the loading, unloading and specially sorting of various materials using its own patented technology with superior system engineering capabilities that can integrate the entire automation system.

By acquiring ASTES4, Mitsubishi Electric will further strengthen its lineup of automation systems together with sorting solutions for sheet metal laser processing machines to provide its valued customers with integrated solutions that require less manual loading, unloading and sorting to realize higher productivity and efficiency.

For the full text, please visit:

View source version on businesswire.com:https://www.businesswire.com/news/home/20180805005025/en/

CONTACT: Customer Inquiries

Mitsubishi Electric Corporation

Industrial Automation Machinery Department

Factory Automation Systems Group

Tel: +81-3-3218-6560

www.MitsubishiElectric.com/fa/support

www.MitsubishiElectric.com/fa

Media Inquiries

Mitsubishi Electric Corporation

Takeyoshi Komatsu, +81-3-3218-2346

Public Relations Division

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

KEYWORD: EUROPE ASIA PACIFIC SWITZERLAND JAPAN

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE MANUFACTURING ENGINEERING STEEL OTHER MANUFACTURING

SOURCE: Mitsubishi Electric Corporation

Copyright Business Wire 2018.

PUB: 08/05/2018 10:10 PM/DISC: 08/05/2018 10:10 PM

http://www.businesswire.com/news/home/20180805005025/en

AP RADIO
Update hourly