Mitsubishi Electric has agreed to acquire industrial cybersecurity specialist Nozomi Networks, intending to strengthen defences for operational technology (OT), internet of things (IoT) and critical infrastructure systems.
Nozomi, which will become a wholly owned subsidiary, will continue to operate independently from its San Francisco headquarters.
The companies said the deal, expected to close in the fourth quarter of 2025, will “accelerate” industrial cybersecurity innovation while maintaining Nozomi’s existing partnerships and customer commitments.
The acquisition builds on Mitsubishi Electric’s participation in Nozomi’s $100m Series E funding round last year and follows a period of joint collaboration on product development and go-to-market strategy.
Mitsubishi Electric said the deal would combine its global industrial expertise with Nozomi’s cloud-first, AI-driven cybersecurity platform.
“By combining Nozomi’s strengths with Mitsubishi Electric’s extensive expertise and capabilities in OT, I believe we can achieve even more,” said Satoshi Takeda, senior vice-president and chief digital officer at Mitsubishi Electric.
Nozomi’s chief executive Edgard Capdevielle said the tie-up would give the company resources to “supercharge our innovation engine” while ensuring continuity for customers and partners. “Nothing will change in our day-to-day engagement,” he said.
Andrea Carcano, Nozomi’s co-founder and chief product officer, said the combination of Mitsubishi’s industrial know-how and Nozomi’s advances in AI and data science would help create “a new generation of AI-powered solutions” for securing critical infrastructure worldwide.
