Mitsubishi Electric acquires Swiss sheet metal processing machine business

Japan, Tokyo: Mitsubishi Electric Corporation has announced the acquisition of ASTES4 SA, a Switzerland-based company engaged in development, production and sales of solutions for sheet metal laser processing machines.

With ASTES4 as a wholly-owned subsidiary, the company aims to further expand its worldwide business through this acquisition, according to the press release.

Sheet metal laser processing machines offer integrated solutions that require less manual loading, unloading and sorting to realize higher productivity and efficiency, the press release says.

Source: ASTES4