Approved · Waiver · decided in 24 days, 29 Oct 2026
Mitsubishi Electric Corporation is acquiring 100% of the equity interests in Power Costs, Inc. from Power Costs HoldCo, Inc. The Japanese electronics and electrical equipment manufacturer will acquire the Oklahoma-based energy software provider, known for its Australian Outage Management System. This is an indirect share sale.
Mitsubishi Electric Corporation (MELCO) proposes to indirectly acquire 100% of the equity interests in Power Costs, Inc., (trading as PCI Energy Solutions, Inc.) (PCI) from Power Costs HoldCo, Inc. (the Acquisition). MELCO is a Japanese multinational electronics and electrical equipment manufacturing company. MELCO’s global operations comprise a range of automation and processing technologies. MELCO also offers software solutions, which are used for operation, maintenance and control in automation processes. MELCO’s Australian operations predominantly relate to the supply of air conditioning and refrigeration units, home appliances, factory automation products, automotive parts, power systems, railways, defence-related, and communication systems. It also offers solutions across the education, aged care, data centres, residential living, manufacturing, healthcare and transport/logistics sectors. In respect of solutions in the energy industry, MELCO supplies physical equipment such as energy generators, as well as control systems (i.e., hardware). PCI is an Oklahoma-based provider of full-spectrum energy software and support for energy enterprises. Its software solutions are used by clients operating in the wholesale market for the supply of power, including public and privately owned power utilities, energy marketers and traders. In particular, PCI offers software solutions designed to streamline energy trading and managing energy transmission and reliability. In Australia, PCI’s key product offering is an Outage Management System which streamlines communications between plant and operations personnel to manage outages efficiently.