Mitsubishi Electric Corporation has acquired OT, IoT and CPS security company Nozomi Networks, which will be a wholly owned subsidiary, operating independently of Mitsubishi Electric.
The acquisition of Nozomi Networks brings Mitsubishi Electric a growing AI-powered, cloud-first cybersecurity software business which is says will strengthen Mitsubishi Electric’s ability to deliver cutting-edge solutions to customers.
The two companies have been working together since Mach 2024 when Mitsubishi Electric participated in Nozomi’s $100M Series E funding round, and the two companies have collaborated on innovation and go-to-market since.
Mitsubishi Electric will support Nozomi’s continued cybersecurity innovation as well as enable both companies to accelerate digital transformation for critical infrastructure and industrial organisations worldwide.
“This acquisition will enable us to co-create valuable new services while supporting Nozomi’s commitment to innovation and customer flexibility,” said Satoshi Takeda, Mitsubishi Electric Senior Vice President, CDO, Chief Information Officer, Board Member at Mitsubishi Electric Corporation. “Together, we can help our customers achieve their digital transformation goals while enhancing security, efficiency, and resilience.”
The acquisition is expected to close in the fourth calendar quarter of 2025. Upon close, Nozomi will maintain headquarters in San Francisco, California, and research and development in Mendrisio, Switzerland.
Andrea Carcano, Co-Founder and Chief Product Officer of Nozomi Networks, said: “By combining Mitsubishi Electric’s century of global industrial expertise with Nozomi Networks’ innovations in data science, AI/ML and industrial cybersecurity, we have a unique opportunity to create a new generation of AI-powered solutions that will strengthen cyber and operations through power new innovations for customers across all OT/IoT use cases and industries around the world.
“Together, we’ll make the world’s critical infrastructure safer, more resilient, and more efficient.”
