Mitsubishi Electric and Visual Components Form JV for 3D Simulators
2023-11-01
TOKYO, November 1, 2023 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will partner with Visual Components headquartered in Espoo, Finland in a joint venture company, named ME Industrial Simulation Software Corporation, to develop and sell 3D simulators for manufacturing applications. Mitsubishi Electric and Visual Components will hold 70% and 30% stakes respectively in the company, which will begin operating on November 1.
