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

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.