Mitsubishi Electric to buy American OT security vendor Nozomi Networks for $883 mn
NEW DELHI: Mitsubishi Electric is acquiring the remaining 93% stake in the US-based operational technology (OT) and Internet of Things (IoT) security firm, Nozomi Networks, in a deal valued at $883 million, according to a joint statement on Tuesday.
Mitsubishi Electric, on the back of participation in a $100 million funding round in Nozomi in March 2024, already held a 7% stake in the software vendor.
