TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the completion of its acquisition of all outstanding shares of Nozomi Networks Inc., following the announcement on September 9, 2025 regarding its plan to make Nozomi a wholly-owned subsidiary.
Overview of the Subsidiary Being Transferred
Name | Nozomi Networks Inc. | ||
Location | Suite 3650, 575 Market St, San Francisco CA 94105 | ||
President & CEO | Edgard Capdevielle | ||
Description of
| Development and sales of OT security solutions | ||
Year of establishment | September 16, 2016 | ||
Employees | 336 (as of December 2025) | ||
Nozomi Networks’ consolidated operating results and financial positions in the past three years (unit: thousand USD) | |||
As of / for the year ended | December 31, 2023 | December 31, 2024 | December 31, 2025 |
Net revenue | 62,560 | 74,695 | 101,709 |
Closing Date
January 28, 2026
Future Outlook
Mitsubishi Electric will promptly inform if there is a need to revise its consolidated performance forecasts or if there are any matters that should be disclosed as a result of this transaction.
For the full text, please visit: www.MitsubishiElectric.com/news/
Contacts
Customer Inquiries
OT Security Business Development Dept.
Industry & Mobility Business Area
Mitsubishi Electric Corporation
ot-security-info@mf.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/
Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2332
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/en/pr/
