Mitsubishi Electric to acquire Nozomi Networks

OT cybersecurity company Nozomi Networks and Mitsubishi Electric have announced they have signed a definitive agreement whereby Nozomi Networks will be acquired by Mitsubishi Electric. Nozomi Networks will become a wholly-owned subsidiary, operating independently of Mitsubishi Electric.

Mitsubishi Electric participated in Nozomi’s US$100 million Series E funding round, announced in March 2024, and the two companies have collaborated on innovation and go-to-market since. The companies say this combined history informed the foundation of this transaction.

Mitsubishi Electric says that the acquisition of Nozomi Networks brings it a strong and growing AI-powered, cloud-first cybersecurity software business with an award-winning track record of scalable innovation. The company believes that Nozomi’s engineering teams, as well as its history of financial success, will strengthen Mitsubishi Electric’s ability to deliver cutting-edge solutions to its customers worldwide.

The companies share a strong vision around the power of data and context from OT/IoT environments, paired with robust artificial intelligence to deliver more effective cyber defences and material operational improvements for customers. Both companies also say they share a deep commitment to customer success, a partner-first business model, and fostering a strong corporate culture that values and supports employees.

“We are excited to welcome Nozomi to the Mitsubishi Electric family. Their cutting-edge OT security technology and rapid development philosophy have earned them a strong reputation,” said Satoshi Takeda, Mitsubishi Electric Senior Vice President, CDO and Chief Information Officer.

“By combining Nozomi's strengths with Mitsubishi Electric’s extensive expertise and capabilities in OT, I believe we can achieve even more. This acquisition will enable us to co-create valuable new services while supporting Nozomi’s commitment to innovation and customer flexibility. Together, we can help our customers achieve their digital transformation goals while enhancing security, efficiency and resilience.”

Nozomi Networks says there will be no disruptions to current operations, roadmaps, or partnerships. Nozomi’s teams, offices and points of contact remain unchanged.

“This marks an exciting new chapter for Nozomi Networks,” said Edgard Capdevielle, President and CEO. “By becoming part of Mitsubishi Electric, we will combine our strengths to drive the next generation of industrial security and innovation to bring additional value for customers around the world. Nothing will change in our day-to-day engagement with Nozomi customers and partners — they will continue to receive the same support and service, and the same cutting-edge OT and IoT cybersecurity platform they have come to trust.”

The acquisition is expected to close in the fourth calendar quarter of 2025. Upon close, Nozomi will maintain headquarters in San Francisco, California, and research and development in Mendrisio, Switzerland.

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