Mitsubishi Electric to Acquire U.S. Software Firm for Record 220 Billion Yen

Mitsubishi Electric said on August 20 that it will acquire U.S.-based PCI Energy Solutions, a developer of software used to manage electricity trading and other energy operations, in a deal worth about 220 billion yen, the largest acquisition in the Japanese company's history. Mitsubishi Electric has been expanding services designed to reduce electricity consumption by optimizing energy use. The…