Mitsubishi companies

Mitsubishi Corporation and NTT complete investment in HERE Technologies

Tuesday, June 2, 2020 - 6:54am

TOKYO, June 2, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) announced today that they have completed the acquisition of a 30% stake in HERE Technologies (HERE) as of May 29, 2020, through a holding company which MC and NTT newly established in the Netherlands in December 2019.

Key Points: 
  • TOKYO, June 2, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) announced today that they have completed the acquisition of a 30% stake in HERE Technologies (HERE) as of May 29, 2020, through a holding company which MC and NTT newly established in the Netherlands in December 2019.
  • "We welcome Mitsubishi Corporation and NTT as new strategic investors, supporting our long-term growth ambitions.
  • Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business.
  • For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.

Mitsubishi Corporation and NTT complete acquisition of 30% stake in HERE Technologies

Tuesday, June 2, 2020 - 6:00am

Amsterdam and Tokyo HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan have completed their joint acquisition of a 30% ownership stake in the company, after receiving regulatory approvals.

Key Points: 
  • Amsterdam and Tokyo HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan have completed their joint acquisition of a 30% ownership stake in the company, after receiving regulatory approvals.
  • The two companies have co-invested in HERE via their recently established, jointly owned holding company COCO Tech Holding B.V. in the Netherlands.
  • As a result, HERE now has nine direct and indirect shareholders: Audi, Bosch, BMW Group, Continental, Intel Capital, MC, Mercedes-Benz, NTT and Pioneer.
  • We welcome Mitsubishi Corporation and NTT as new strategic investors, supporting our long-term growth ambitions and boosting our enterprise value significantly.

MHI RJ Aviation Group Launches as Mitsubishi Heavy Industries Ltd. Closes Acquisition of CRJ Series Program From Bombardier Inc.

Tuesday, June 2, 2020 - 2:23am

The launch of MHIRJ coincides with the acquisition close of the CRJ Series Program from Bombardier Inc. (Bombardier) (TSX: BBD.B) by Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011).

Key Points: 
  • The launch of MHIRJ coincides with the acquisition close of the CRJ Series Program from Bombardier Inc. (Bombardier) (TSX: BBD.B) by Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011).
  • "I am pleased to announce the opening chapter of MHIRJ's story," said Hiroaki Yamamoto, President & CEO of the MHI RJ Aviation Group.
  • MHI RJ Aviation Group (MHIRJ) provides comprehensive critical operational, engineering and customer support solutions including maintenance, refurbishment, technical publications, marketing and sales activities for the global regional aircraft industry.
  • A wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd, MHI RJ Aviation Group includes MHI RJ Aviation ULC (Canada), MHI RJ Aviation Inc. (U.S.A.) and MHI RJ Aviation GmbH (Germany).

Mitsubishi Electric to Invest in EKE-Electronics Ltd. in Finland

Tuesday, June 2, 2020 - 3:10am

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has acquired a 34% share in EKE-Electronics Ltd., a Finnish manufacturer of train information systems.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has acquired a 34% share in EKE-Electronics Ltd., a Finnish manufacturer of train information systems.
  • The company aims to strengthen product competitiveness of train control and management system (TCMS) and to establish technology of support system for condition-based maintenance (CBM).
  • This capital alliance will allow Mitsubishi Electric to drive business collaboration with EKE-Electronics in order to enhance its train information systems business in overseas market.
  • Furthermore, by leveraging the two companies sales channels as well as know-how, Mitsubishi Electric aims to grow its train information systems business in overseas market.

Mitsubishi Tanabe Pharma Canada Announces That Company's Treatment for Amyotrophic Lateral Sclerosis (ALS) Has Been Added to the Provincial Drug Plan in Alberta

Monday, June 1, 2020 - 2:00pm

TORONTO, June 1, 2020 /CNW/ -Mitsubishi Tanabe Pharma Canada, Inc. (MTP-CA), a subsidiary of Mitsubishi Tanabe Pharma America, Inc. (MTPA), today announced that RADICAVA (edaravone) is now listed on the Alberta Drug Benefit List formulary (special authorization).

Key Points: 
  • TORONTO, June 1, 2020 /CNW/ -Mitsubishi Tanabe Pharma Canada, Inc. (MTP-CA), a subsidiary of Mitsubishi Tanabe Pharma America, Inc. (MTPA), today announced that RADICAVA (edaravone) is now listed on the Alberta Drug Benefit List formulary (special authorization).
  • MTP-CA continues to have discussions with other provinces, territories and federal agencies regarding the listing of RADICAVA under publicly funded drug programs.
  • About Mitsubishi Tanabe Pharma Canada, Inc.
    Based in Toronto, Mitsubishi Tanabe Pharma Canada, Inc. (MTP-CA) is a wholly-owned subsidiary of Mitsubishi Tanabe Pharma America, Inc. (MTPA) with a goal to provide therapies for some of the most difficult-to-treat diseases, including ALS.
  • About Mitsubishi Tanabe Pharma America, Inc.
    Based in Jersey City, N.J., Mitsubishi Tanabe Pharma America, Inc. (MTPA) is a wholly-owned subsidiary of Mitsubishi Tanabe Pharma Corporation's (MTPC) 100 percent owned U.S. holding company, Mitsubishi Tanabe Pharma Holdings America, Inc. MTPA is dedicated to delivering innovative products that address the unmet medical needs of patients in North America.

MHI RJ Aviation Group launches as Mitsubishi Heavy Industries Ltd. closes acquisition of CRJ Series Program from Bombardier Inc.

Monday, June 1, 2020 - 1:00pm

The launch of MHIRJ coincides with the acquisition close of the CRJ Series Program from Bombardier Inc. (Bombardier) (TSX: BBD.B) by Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011).

Key Points: 
  • The launch of MHIRJ coincides with the acquisition close of the CRJ Series Program from Bombardier Inc. (Bombardier) (TSX: BBD.B) by Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011).
  • "I am pleased to announce the opening chapter of MHIRJ's story," said Hiroaki Yamamoto, President & CEO of the MHI RJ Aviation Group.
  • A wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd, MHI RJ Aviation Group includes MHI RJ Aviation ULC (Canada), MHI RJ Aviation Inc. (U.S.A.) and MHI RJ Aviation GmbH (Germany).
  • *CRJ, CRJ Series and MHIRJ are trademarks of MHI RJ Aviation ULC or its affiliates.

Hiroshi Masaki Appointed to Board of Directors of MUFG Americas Holdings Corporation and MUFG Union Bank, N.A.

Monday, June 1, 2020 - 1:00pm

NEW YORK, June 1, 2020 /PRNewswire/ -- MUFG , one of the world's leading financial groups, today announced that Hiroshi Masaki has been appointed to the board of directors for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective immediately.

Key Points: 
  • NEW YORK, June 1, 2020 /PRNewswire/ -- MUFG , one of the world's leading financial groups, today announced that Hiroshi Masaki has been appointed to the board of directors for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective immediately.
  • He previously served as theExecutive Officer and Head of the Planning Office for Asia for MUFG Bank,Ltd.
  • Mr. Masaki has more than 25 years of experience with MUFG in corporate banking and strategic planning for global business.
  • As part of that total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company and intermediate holding company, has total assets of $165.7 billion at March 31, 2020.

Tokio Marine HCC Completes GCube Acquisition, Boosts Global Availability of Renewable Energy Insurance

Monday, June 1, 2020 - 9:00am

Tokio Marine HCC today announced it has completed the previously announced acquisition of specialist renewable energy underwriter, GCube.

Key Points: 
  • Tokio Marine HCC today announced it has completed the previously announced acquisition of specialist renewable energy underwriter, GCube.
  • The acquisition will create a new centre of excellence in renewable energy insurance, combining GCubes 25-year track record supporting renewables developers and asset owners worldwide with Tokio Marine HCCs global footprint and financial scale.
  • Simon Button, Chief Underwriting Officer London Market division of Tokio Marine HCC International Group, commented: Like GCube, Tokio Marine HCC has committed significant investment to renewable energy insurance in the past decade, and the acquisition recognizes the significant benefit we can jointly bring to this market.
  • Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company.

Mitsubishi Electric Develops IoT Suite under ClariSense Brand

Thursday, May 28, 2020 - 3:10am

Mitsubishi Electric Corporation (TOKYO: 6503) announced today its new ClariSense integrated Internet of Things (IoT) technology, which will be used for accelerated development of IoT systems construction within the company and its group companies.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today its new ClariSense integrated Internet of Things (IoT) technology, which will be used for accelerated development of IoT systems construction within the company and its group companies.
  • ClariSense, which synthesizes Mitsubishi Electric's Maisart* artificial intelligence (AI) technology, security technologies and other strengths as a general electrical equipment manufacturer, is a unified design guideline and solution library in the form of IoT system that can be centrally maintained and expanded.
  • Sharing ClariSense among Mitsubishi Electric group companies is expected to help accelerate development of IoT systems and new added-value products and services.
  • ClariSense is an IoT system that integrates Mitsubishi Electrics extensive equipment expertise and AI, security and other technological assets under a unified design guideline and solution library that can be centrally maintained and expanded.

Fundbox Secures Funding From MUFG Innovation Partners, Delivers Robust Performance During COVID-19

Tuesday, May 26, 2020 - 1:41pm

With this financing, MUFG Innovation Partners tripled its investment in Fundboxs recent Series C round, bringing the total equity funding in the round to almost $200 million.

Key Points: 
  • With this financing, MUFG Innovation Partners tripled its investment in Fundboxs recent Series C round, bringing the total equity funding in the round to almost $200 million.
  • "We are pleased with how Fundboxs advanced data science and technology capabilities have contributed to its superior portfolio performance, especially during COVID-19," said Akihiko Okamoto, Managing Director & Chief Investment Officer for MUFG Innovation Partners.
  • Even in the face of these extraordinary economic conditions, the strength of the business has been impressive.
  • The funding and support from sophisticated strategic investors like MUFG will enable us to continue investing in our technology platform and customer experience."