FOR IMMEDIATE RELEASE No. 3493
TOKYO, February 25, 2022 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) has formally agreed to acquire all shares of Computer Protection Technology, Inc. (CPT), headquartered in San Diego, California, aiming to expand its uninterruptible power supply (UPS) business in North America. Going forward, MEPPI and CPT will strengthen their respective business structures to provide highly reliable and professional one-stop services-from installation to maintenance-for UPS systems in the North American market.
Demand for UPS has been growing rapidly in parallel with rising needs for data centers due to the increasing popularization of cloud services, mobile devices and big data. Facility and service operators rely critically on stable UPS equipment operation and the ability of UPS providers to respond immediately to any emergency.
As a proven UPS maintenance company, CPT has long earned the trust of customers in the greater California area. By acquiring CPT, Mitsubishi Electric expects to leverage its newly broadened capabilities in order to grow its UPS business in the expanding North American market.
Computer Protection Technology, Inc. (CPT) was formed in 1986 in Southern California with field service offices located throughout Los Angeles, Orange, San Diego and surrounding counties. CPT is driven to provide personal, honest and reliable Power Protection services. CPT's commitment to their customers has led to steady, manageable growth over the years. CPT is now viewed as the dominant Critical Power Service Organization in the Region. For more information, visit www.cptups.com.
Headquartered in Warrendale, Pennsylvania, Mitsubishi Electric Power Products, Inc. (MEPPI) is a U.S. affiliate of Mitsubishi Electric Corporation serving the North American power systems, data center, rail transportation, and large visual display markets. MEPPI products include gas circuit breakers, vacuum circuit breakers, power transformers, gas-insulated substations, FACTS, high voltage DC systems, battery energy storage systems, electric generators, nuclear power plant control systems, uninterruptible power supplies, rail transportation equipment, rail signaling systems, and high-definition LED displays. Information on MEPPI's complete line of products and services can be found at www.MEPPI.com.
Note that the press releases are accurate at the time of publication but may be subject to change without notice.