Mitsubishi Electric Acquires DC Circuit Breaker Developer Scibreak

TOKYO, February 20, 2023 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it entered into a share transfer agreement on February 16 to wholly acquire Scibreak AB, a Swedish-based company that develops direct current circuit breakers (DCCBs). The two firms aim to strengthen the competitiveness of their unified business by working closely on developing DCCB technologies for high-voltage direct current (HVDC) systems to support the increasing global deployment of renewable energy.