Poland: The Japanese corporation has announced the acquisition of a remaining 51% equity stake via its subsidiary Mitsubishi Electric Europe. Following the necessary regulatory approvals, the deal is expected to be closed by the end of the third quarter of 2026. The value of the majority stake is not made public.
After the completion of the transaction, Medcom will continue working under its name, also maintaining its business model and operational independence. The key strategic and operational solutions will still be subject to the company’s Board. Notably, Medcom plans to start the construction of a second production facility in Warsaw in the coming months.
The transaction is stated to enable Medcom to gain access to a global customer network and enter new markets. In addition, the company’s products can now be manufactured at Mitsubishi Electric’s facilities worldwide. “Our objective is to preserve Medcom’s entrepreneurial spirit while further expanding its capabilities and establishing Warsaw as Mitsubishi Electric’s European centre of excellence for research, engineering and manufacturing of energy-efficient power electronics solutions for public transport and industrial applications,” noted Hideto Negoro, Executive Officer at Mitsubishi Electric Corporation.
Founded in 1988, Medcom has 430 employees and focuses on the production of power electronics for railway transport. Its portfolio includes traction inverters, auxiliary converters, vehicle control and energy recovery systems. Apart from rolling stock, the company manufactures products for the power engineering sector and industry. According to Medcom, over 28,000 of its devices have so far been delivered across 30 countries.
Mitsubishi Electric made an initial investment in Medcom in 2016 with the acquisition of a 49% stake. The Japanese company has reportedly helped the Polish producer in developing silicon carbide traction inverters, which are installed on Talgo’s high-speed trains, Stadler’s passenger coaches for Kazakhstan, Newag’s Griffin and Dragon locomotives for Poland, Bozankaya’s trams for Europe alongside metro trains for Cairo, Amsterdam and London.
