Mitsubishi Electric To Acquire Messung Group

by Monica Gerson, Benzinga Staff Writer

January 23, 2012 4:51 AM | 15 seconds read | Make a Comment

Mitsubishi Electric Corp

MIELY

signed an accord to acquire India's Messung Group. Mitsubishi Electric projects to lift its sales in India to Y15 billion in the year ending March 2016. The financial value of the deal was not disclosed. MIELY shares closed at $20.15 on Friday.

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Mitsubishi Electric To Acquire Messung Group