Mitsubishi Electric

 

Mitsubishi Electric Invests in Akribis Systems Pte Ltd

07/08/2019 09:48:47
 
 
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ImagesClick Image for 300dpi jpg fileMitsubishi Electric Invests in Akribis Systems Pte LtdMitsubishi Electric Invests in Akribis Systems Pte Ltd

Mitsubishi Electric Corporation (TOKYO: 6503) has taken an equity stake in Akribis Systems Pte Ltd (Akribis), a Singapore based manufacturer of linear servo motors1 and linear stages2, to strengthen its industrial automation solutions for the global market. Mitsubishi Electric, by integrating its servo systems and other industrial automation products with Akribis' product lineup, aims to meet increasing needs for high specification, high precision manufacturing. Typically needed for products utilizing new technologies such as 5G to meet the demand generated by IoT related business.

Due to the miniaturization and high functionality of smartphones and the accelerated adoption of electric vehicles, linear servo motors and linear stages are increasingly in demand. Used in equipment for manufacturing semiconductors, flat-panel displays, lithium-ion batteries, etc. they achieve increased productivity and precision. This aligns with Mitsubishi Electric's servo systems which have been widely adopted in various production facilities around the world due to the company's conclusive industrial automation product lineup.

Mitsubishi Electric, through its investment in Akribis, which has a high share of the global market for linear servo motors and linear stages, aims to accelerate its advancement of e-F@ctory3 and strengthen its total industrial automation solutions by combining its own servo systems and other industrial automation products with Akribis' wide product lineup and flexible customization abilities.

e-F@ctory is a registered trademark of Mitsubishi Electric Corporation. Other company and product names mentioned in this text are trademarks or registered trademarks of each respective organization.

1A direct drive motor that is incorporated into production equipment to realize high speed and precise motion control.

2A product that combines linear guides and mounting stages.

3e-F@ctory is Mitsubishi Electric Factory Automation business unit’s approach to the increasing digital transformation affecting business. In this context, we are supporting our customers in further developing their overall business approach by offering advice on industrial automation and information technology.

Image Captions:

Image 1: The investment will strengthen Mitsubishi Electric’s total industrial automation solutions offering by combining its own servo systems and other industrial automation products with Akribis’ wide product line-up.
[Source: Mitsubishi Electric Corporation (Tokyo, Japan)]

Image 2: Akribis linear servo motor and linear stage.
[Source: Mitsubishi Electric Corporation (Tokyo, Japan)]

Company Name Akribis Systems Pte Ltd
CEO Leow Yong Peng
Location 5012 Techplace II Ang Mo Kio
Ave 5 #01-05, Singapore 569876
Establishment August 2004
Capital 0.5 Million SGD
Employees 704 (as of May 2019)
Business Design, manufacture and sales of linear stages and related components
Website www.akribis-sys.com

The image(s) distributed with this press release are for editorial use only and are subject to copyright. The image(s) may only be used to accompany the press release mentioned here, no other use is permitted.

All third party trademarks and/or registered trademarks are the property of their respective owners and are acknowledged.

Note to Editor: if you would like the text in another language please contact Philip Howe at DMA Europa – philip@dmaeuropa.com.

About Mitsubishi Electric

With nearly 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognised world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, as well as in products for the energy sector, transportation and building equipment.

With around 145,817 employees the company recorded consolidated group sales of approximately 40.7 billion dollars* in the fiscal year that ended on March 31, 2019.

Our sales offices, research & development centres and manufacturing plants are located in over 30 countries.

Factory Automation EMEA

Mitsubishi Electric Europe B.V., Factory Automation EMEA has its European headquarters in Ratingen near Dusseldorf, Germany. It is a part of Mitsubishi Electric Europe B.V., a wholly owned subsidiary of Mitsubishi Electric Corporation, Japan.

The role of Factory Automation EMEA is to manage sales, service and support across its network of local branches and distributors throughout the EMEA region.
*Exchange rate 111 Yen = 1 US Dollars, last updated 31.03.2019 (Source: Tokyo Foreign Exchange Market)

Editor Contact

DMA Europa Ltd : Philip Howe
Tel: +44 (0)1562 751436 Fax: +44 (0)1562 748315
Web: www.dmaeuropa.com
Email: philip@dmaeuropa.com

Company Contact

Mitsubishi Electric Europe B.V. : Monika Torkel
Tel: +49 (0)2102 486-2150 Fax: +49 (0)2102 486 7780
Web: eu3a.mitsubishielectric.com/fa
Email: Monika.Torkel@meg.mee.com

 
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