FOR IMMEDIATE RELEASE No. 3286
TOKYO, June 18, 2019 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has taken an equity stake in Akribis Systems Pte Ltd (Akribis), a Singapore based manufacturer of linear servo motors1 and linear stages, 2 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.
|Company name||Akribis Systems Pte Ltd|
|CEO||Leow Yong Peng|
|Location||5012 Techplace II Ang Mo Kio Ave 5 #01-05, Singapore 569876|
|Capital||0.5 Million SGD|
|Employees||704 (as of May 2019)|
|Business||Design, manufacture and sales of linear stages and related components||Website||http://www.akribis-sys.com/|
Due to the miniaturization and high functionality of smartphones and accelerated adoption of electric vehicles, linear servo motors and linear stages are increasingly in demand for use in equipment for manufacturing semiconductors, flat-panel displays, lithium-ion batteries, etc. to achieve increased productivity and precision. Mitsubishi Electric'
s servo systems have been widely adopted in various production facilities around the world due to the company'
s strong industrial automation product lineup, which includes the MELSERVO-J5 series, the first general-purpose AC servo system to support the CC-Link IE TSN, next-generation industrial open network. Mitsubishi Electric, through its investment in Akribis, which has a high share of the global market for linear servo motors and linear stages, aims to accelerate its advancement of e-F@ctory3 and strengthen its total industrial automation solutions, combining its own servo systems and other industrial automation products with Akribis'
wide product lineup and flexible customization abilities.