Mitsubishi invested in Singapore-based Akribis Systems.

Mitsubishi, a Japanese multinational automotive manufacturer, invested in Singapore-based Akribis Systems, a manufacturer of linear servo motors and linear stages. Financial terms were not disclosed. 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 of products utilizing critical new technologies such as 5G to meet the demand generated by IoT related business.