Mitsubishi Electric Corporation

• Nozomi Networks, a global leader in OT, IoT and CPS security, defends organizations around the world from cyber threats and operational disruption
• The acquisition accelerates Nozomi's industrial cybersecurity innovation while maintaining its heterogeneous approach to supporting customers and partners
• Both companies share a vision for the power of data and AI to fuel more effective cyber defenses and improve operational efficiency and resilience

SAN FRANCISCO, Sept. 9, 2025 /PRNewswire/ -- Nozomi Networks, the global leader in OT, IoT and CPS security, and Mitsubishi Electric Corporation (TOKYO: 6503) today announced they have signed a definitive agreement whereby Mitsubishi Electric will acquire Nozomi Networks. Upon close, Nozomi Networks will be a wholly owned subsidiary, operating independently of Mitsubishi Electric. This acquisition accelerates Nozomi's industrial cybersecurity innovation while maintaining the company's heterogeneous approach to supporting customers and partners.

Mitsubishi Electric participated in Nozomi's $100M Series E funding round, announced in March 2024, and the two companies have collaborated on innovation and go-to-market since. This combined history informed the foundation of this transaction.

The acquisition of Nozomi Networks brings Mitsubishi Electric a strong and growing AI-powered, cloud-first cybersecurity software business with an award-winning track record of scalable innovation. Nozomi's world-class leadership and engineering teams, as well as its history of financial success, will strengthen Mitsubishi Electric's ability to deliver cutting-edge solutions to customers worldwide.

With more than 100 years of global industrial operational technology (OT and IoT) experience, Mitsubishi Electric will support Nozomi's continued cybersecurity innovation and strong track record of business growth, as well as enable both companies to accelerate digital transformation for critical infrastructure and industrial organizations worldwide.

The companies share a strong vision around the power of data and context from OT/IoT environments, paired with robust artificial intelligence to deliver more effective cyber defenses and material operational improvements for customers. Both companies also share a deep commitment to customer success, a partner-first business model, and fostering a strong corporate culture that values and supports employees.

Nozomi Networks is committed to serving all its customers and partners by maintaining its brand, leadership, teams, and operations. There will be no disruptions to current operations, roadmaps, or partnerships. Nozomi's teams, offices, and points of contact remain unchanged, ensuring a seamless experience for all its stakeholders.

Quote from Satoshi Takeda, Mitsubishi Electric Senior Vice President, CDO, Chief Information Officer, Board Member at Mitsubishi Electric Corporation

"We are excited to welcome Nozomi to the Mitsubishi Electric family. Their cutting-edge OT security technology and rapid development philosophy have earned them a strong reputation. By combining Nozomi's strengths with Mitsubishi Electric's extensive expertise and capabilities in OT, I believe we can achieve even more. This acquisition will enable us to co-create valuable new services while supporting Nozomi's commitment to innovation and customer flexibility. Together, we can help our customers achieve their digital transformation goals while enhancing security, efficiency, and resilience."

Quote from Edgard Capdevielle, President and CEO of Nozomi Networks

"This marks an exciting new chapter for Nozomi Networks. By becoming part of Mitsubishi Electric, we will combine our strengths to drive the next generation of industrial security and innovation to bring additional value for customers around the world. Nothing will change in our day-to-day engagement with Nozomi customers and partners – they will continue to receive the same support and service, and the same cutting-edge OT and IoT cybersecurity platform they have come to trust. With the combined global reach and resources of both companies, we can supercharge our innovation engine, helping industrial organizations secure and accelerate their own digital transformations."

Quote from Andrea Carcano, Co-Founder and Chief Product Officer of Nozomi Networks

"By combining Mitsubishi Electric's century of global industrial expertise with Nozomi Networks' innovations in data science, AI/ML and industrial cybersecurity, we have a unique opportunity to create a new generation of AI-powered solutions that will strengthen cyber and operations through power new innovations for customers across all OT/IoT use cases and industries around the world. Together, we'll make the world's critical infrastructure safer, more resilient, and more efficient."

The acquisition is expected to close in the fourth calendar quarter of 2025. Upon close, Nozomi will maintain headquarters in San Francisco, California, and research and development in Mendrisio, Switzerland.

EY Strategy and Consulting Co., Ltd. is serving as financial advisor and White & Case LLP is serving as legal advisor to Mitsubishi Electric. Barclays is serving as exclusive financial advisor and Gunderson Dettmer is serving as legal advisor to Nozomi Networks.

About Nozomi Networks

Nozomi Networks protects the world's critical infrastructure from cyber threats. Our platform uniquely combines network and endpoint visibility, threat detection, and AI-powered analysis for faster, more effective incident response. Customers rely on us to minimize risk and complexity while maximizing operational resilience. www.nozominetworks.com

About Mitsubishi Electric Corporation

With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its "Changes for the Better." The company recorded a revenue of 5,521.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year ended March 31, 2025. For more information, please visit www.MitsubishiElectric.com.

*U.S. dollar amounts are translated from yen at the rate of \150=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2025

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SOURCE Nozomi Networks

CANBERRA, Australia, June 30, 2025 /PRNewswire/ -- On 30 June 2025, Seeing Machines Limited the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that it has entered a Referral Agreement with Mitsubishi Electric Europe B.V. to enable greater driver safety across the region. This agreement comes as automakers around the world prepare to comply with the European Union's new Vehicle General Safety Regulations (GSR) mandating the use of direct Driver Monitoring System (DMS) technology to reduce the risks of distracted driving.

The agreement builds on the momentum of the successful collaboration with Mitsubishi Electric Automotive America, Inc. announced in February this year, which is already delivering a growing pipeline of opportunities across the Americas. Initially, Mitsubishi Electric Europe B.V. will work with Seeing Machines to leverage Mitsubishi Electric's strong fleet connections including logistics, distribution and maintenance to accelerate sales of the company's cutting-edge Guardian Generation 3 solution via these channels.

Mitsubishi Electric Europe B.V. is a wholly owned subsidiary of Mitsubishi Electric Corporation operating extensively across Europe, with a network of branches in numerous countries. The collaboration will also allow Seeing Machines to leverage the extensive direct relationships Mitsubishi Electric Europe B.V. has with truck and bus OEMs across the region to better promote Guardian Generation 3 as an industry-leading solution enabling automakers to achieve compliance with Advanced Driver Distraction Warning (ADDW) system requirements under the European Union's GSR. This will also facilitate the expansion of Guardian Generation 3 business into a range of other potential sectors (including rail) through Mitsubishi Electric Europe B.V.'s significant existing presence in these markets.

Paul McGlone, CEO of Seeing Machines, commented: "Our relationship with Mitsubishi Electric Automotive America, Inc. is already delivering results, as demonstrated by the strong progress we have made in the Americas and the near-term opportunities it's creating. Extending this approach into Europe with Mitsubishi Electric Europe B.V. consequently represents a natural next step. Their proven reputation and established relationships position them as an ideal partner to bring our Guardian technology to new customers across the region, and I'm particularly excited about the significant opportunity this will unlock for us within the OEM sector for After Manufacture (factory-fit) fitment."

Rob Noon, Automotive Business Unit President at Mitsubishi Electric Europe B.V., said: "We're delighted to partner with Seeing Machines to support the expansion of their world-class safety technology across Europe. This agreement reflects our shared commitment to reducing transport risk, and we're proud to support Seeing Machines in scaling its impact across a range of transportation industries."

Enquiries:

Seeing Machines Media Enquiries

sophie.nicoll@seeingmachines.com 

MHP Group (Mitsubishi Electric Media Enquiries)

mitsubishielectric@mhpgroup.com

About Seeing Machines (AIM: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines is revolutionizing global transport safety. Its technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical.

www.seeingmachines.com

About Mitsubishi Electric Corporation - With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its "Changes for the Better." The company recorded a revenue of 5,521.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year ended March 31, 2025. For more information, please visit www.MitsubishiElectric.com

About Mitsubishi Electric Europe B.V. - Mitsubishi Electric Europe B.V is a wholly owned subsidiary of Mitsubishi Electric Corporation; helping customers meet their business challenges through providing innovative technologies and high-quality products and solutions.

For more information visit https://Europe.MitsubishiElectric.com 

*U.S. dollar amounts are translated from yen at the rate of ¥150=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2025

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