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News Breaks | | | | March 21, 2013 | | 05:30 EDT |  | MIELY | Mitsubishi Electric acquires Turkish sales, distribution partner, GTA
Mitsubishi Electric Corporation (MIELY) announced that its sales subsidiary Mitsubishi Electric Turkey A. . has acquired its local industrial automation sales and distribution partner GENEL TEKNIK SISTEMLER SANAYI ve TICARET ANONIM IRKETI, or GTS. The acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in Turkey for strengthened local sales and solutions, aiming at industrial automation sales of Y 3B in Turkey by the fiscal year ending March 2016. As a result of the acquisition, GTS, a local partner for some 20 years and currently functioning with a workforce of 42, will merge with Mitsubishi Electric Turkey and begin operating under the new structure in May. | |
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