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Mitsubishi Electric Corporation announced that it has taken a minority equity stake in Akribis Systems Pte Ltd, a Singapore-based manufacturer of linear servo motors and linear stages, to strengthen its industrial automation solutions for the global market. Mitsubishi Electric, by integrating its servo systems and other industrial automation products with Akribis' product lineup, aims to meet increasing needs for high specification, high precision manufacturing of products utilizing critical new technologies, such as 5G, to meet the demand generated by IoT related business.
Established in 2004, Akribis has a high share of the global market for linear servo motors and linear stages with 704 employees as of May 2019. Mitsubishi Electric, through its investment in Akribis, aims to accelerate its advancement of e-F@ctory and strengthen its total industrial automation solutions.