TOKYO – (COMMERCIAL THREAD) – Mitsubishi Electric Corporation (TOKYO: 6503) today announced the transfer of its construction systems business and assets, including the manufacture and sale of elevators and escalators best debt consolidation company, to its wholly owned subsidiary Mitsubishi Electric Building Techno-Service Co., Ltd. (MELTEC). The transfer will be carried out by means of an absorption-type company split (âCompany Splitâ); some information is therefore omitted in this advertisement.
1. Purpose of the company split
In its medium-term management plan for fiscal 2026, Mitsubishi Electric has identified the building systems business as one of its main areas of growth, and the company is therefore striving to expand the scale of this activity and improve its profitability by investing more intensively management resources to stimulate growth.
In order to further strengthen its global competitiveness and improve efficiency, Mitsubishi Electric has decided to consolidate its management structure by transferring its building systems business, which is primarily responsible for new elevator and escalator installations, to a wholly-owned subsidiary mainly responsible for the maintenance and renewal of elevators and escalators best debt consolidation company
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