M&A Deal Summary

Mitsubishi Electric Acquires Novel Crystal Technology

On July 28, 2023, Mitsubishi Electric acquired electrical equipment company Novel Crystal Technology

Acquisition Highlights
  • This is Mitsubishi Electric’s 4th transaction in the Electrical Equipment sector.
  • This is Mitsubishi Electric’s 2nd transaction in Japan.

M&A Deal Summary

Date 2023-07-28
Target Novel Crystal Technology
Sector Electrical Equipment
Buyer(s) Mitsubishi Electric
Deal Type Add-on Acquisition

Target

Novel Crystal Technology

Saitama, Japan
Novel Crystal Technology develops and sells gallium-oxide wafers, a promising candidate for use in superior energy-saving power semiconductors. Novel Crystal Technology is based in Saitama, Japan.

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Buyer(S) 1

Buyer

Mitsubishi Electric

Tokyo, Japan

Category Company
Founded 1921
Sector Electrical Equipment
Employees149,914
Revenue 5.52T JPY (2025)
DESCRIPTION

Mitsubishi Electric engages in the manufacture and sales of electrical and electronic products and systems used in a broad range of fields and applications. Mitsubishi Electric was founded in 1921 and is based in Tokyo, Japan.


DEAL STATS #
Overall 12 of 20
Sector: Electrical Equipment M&A 4 of 4
Type: Add-on Acquisition M&A Deals 11 of 12
Country: Japan M&A 2 of 5
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-20 Scibreak

Jarfalla, Sweden

Scibreak is a company that develops direct current circuit breakers (DCCBs). Scibreak was founded in 2014 and is based in Jarfalla, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 HaydenAI

San Francisco, California, United States

HaydenAI is a startup company that provides traffic violation enforcement services using image analysis technology. HaydenAI is based in San Francisco, California.

Buy -