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New Deal


Announced

Completed

Mitsubishi Electric completed the acquisition of a minority stake in FTV Labs.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Acquisition

Singapore

Completed

software company

Minority

Friendly

Private

Cross Border

Software

Synopsis

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Mitsubishi Electric, an electronics and electrical equipment manufacturing company, completed the acquisition of a minority stake in FTV Labs, a SaaS company. Financial terms were not disclosed. “With rising demand for essential technical services and talent shortage, KEGMIL aims to empower millions of deskless professionals with workflow automation and mobile-first technologies to drive operational efficiency, service performance, and knowledge retention," Kelvin Ong, FTV Labs Co-founder and CEO.

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