Mitsubishi Heavy Industries, Ltd.(MHI) reached an agreement to acquire 100% of Maintenance Partners NV (MP) of Belgium.
According to Mr. Tsuchiyama, Deputy General Manager of Power Systems Business Strategy & Planning Department, "With MP, we are now able to offer our customers in the EMENA area a total package that goes beyond the mere supply of top of the range machines, [and] offer them certainty about the entire life cycle. This investment will dramatically enhance its ongoing power generation service[s] and component repair operations".
This is a relatively rare example of a Japanese company purchasing a foreign company to gain market share in EMENA.
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