Mitsubishi Electric and Visual Components Form JV for 3D Sim

TOKYO, November 01, 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.

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