Mitsubishi Electric Corporation has finalized its acquisition of KH-Automation Projects GmbH, a subsidiary of Koop Holding Group. The parties completed the acquisition on 29th May 2013, with Mitsubishi Electric acquiring a 100% share of KH-Automation Projects GmbH, a long term strategic partner with over 50 years experience in industrial and process automation.
Hartmut Pütz, President of Mitsubishi Electric Factory Automation Europe, comments: "This strategic acquisition combines two partners who have been working together in a close relationship for the past 12 years. Bringing KH-Automation Projects GmbH into the Mitsubishi Electric group will add value by bringing an unrivalled portfolio of process and discrete automation solutions to the EMEA (Europe, Middle East and Africa) market."
Manfred Pfaar, Managing Director of KH-Automation Projects GmbH added "We are really looking forward to using synergies between the two entities in order to strive for a successful future business and to boost our market presence within the process industry."