Mitsubishi Electric India and the Messung Group jointly announced that they have signed a business transfer agreement to merge the operations of the Messung Group with Mitsubishi Electric India.The Messung Group is an Indian manufacturer of programmable logic controllers (PLCs) and human machine interfaces (HMIs) and currently one of Mitsubishi Electric?s sales and distribution partners in India. The acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in India and strengthen local sales and solutions, aiming at sales of JPY 15 billion by the fiscal year ending March 2016. The business transfer agreement signed by the two parties is expected to be completed by the end of March 2012 to finalise the acquisition. Operations of the consolidated business will commence in April.

The industrial automation market in India is expected to grow by more than 10 percent annually. At the forefront of the industrial automation bu?si?ness in India, the Messung Group has been Mitsubishi Electric?s sales and distribution partner for 17 years.Mitsubishi Ele?ctric India will leverage the Messung Group?s expertise in sales, manufacturing and development, to strengthen its solution business and penetrate more deeply into this fast-growing market under a growing commitment to provide quality products and services to Indian customers.