Mitsubishi Electric plans to acquire Nozomi Networks in an $883 million deal to bolster its industrial cybersecurity capabilities. The acquisition aims to enhance security solutions for critical infrastructure while allowing Nozomi to operate independently. #NozomiNetworks #IndustrialCybersecurity
Keypoints
- Mitsubishi Electric intends to acquire Nozomi Networks to strengthen its industrial cybersecurity efforts.
- Nozomi specializes in security for operational technology in industrial sectors.
- The deal underscores the increasing threat to critical infrastructure from government hackers and ransomware gangs.
- Nozomi will operate independently and maintain its headquarters in San Francisco and R&D in Switzerland.
- The acquisition is expected to close in the fourth quarter of 2025 and supports Mitsubishi Electric’s diversification in critical infrastructure security.
Read More: https://therecord.media/nozomi-networks-mitsubishi-electric-acquisition