Mitsubishi Electric completed a 34% stake in EKE-Electronics from EKE Finance.

Mitsubishi Electric, a Japanese multinational electronics and electrical equipment manufacturing company, completed a 34% stake in EKE-Electronics, a Finnish manufacturer of train information systems, from EKE Finance, a provider of financial services. Financial terms were not disclosed. "We are thrilled to have Mitsubishi Electric as a partner and shareholder in EKE-Electronics. Mitsubishi Electric is a global leader in the train systems market, and in cooperation with them, we can grow faster and get access to new customers, especially in the APAC area and the US. The cooperation will enable us to package our innovative technologies into new modular solutions that we can together offer to a global client base. We have highly complementary geographical strengths: Mitsubishi Electric’s main markets have been the US and Asia, including the Indian subcontinent, while EKE-Electronics has traditionally been a strong player in Europe, Australia, and China,” Marko Mäkinen, EKE-Electronics CEO.