PCI Energy to Join Mitsubishi

Energy management and optimization company agrees to deal

PCI Energy Solutions, a leading U.S.-based provider of enterprise software for energy management and optimization, announced today that it has entered into a definitive agreement to be acquired by Mitsubishi Electric Corporation. The agreement was executed on August 20, 2026.

The transaction represents a strong endorsement of PCI's business, technology, employees, customer relationships and position in the energy industry. Mitsubishi Electric intends to retain PCI's core management team following completion of the transaction, enabling PCI to preserve leadership continuity, industry expertise and its customer-focused operating model while benefiting from Mitsubishi Electric's global scale, complementary capabilities and long-term investment capacity.

The agreement has been signed, but the transaction has not yet closed. PCI and Mitsubishi Electric will continue to operate as separate companies until closing, which is subject to applicable regulatory approvals and the satisfaction or waiver of other customary closing conditions. The announcement does not create any immediate change to PCI's day-to-day operations, customer support channels, account relationships, active projects, product access, or existing service commitments.