Mitsubishi Electric Buys Nozomi to Boost Cybersecurity

Mitsubishi Electric Corporation buys Nozomi Networks. Nozomi is a leader in OT, IoT, and CPS security. This deal turns Nozomi into a wholly owned subsidiary. It will operate independently. Mitsubishi Electric boosts innovation in industrial cybersecurity with this step. It also keeps Nozomi’s promise to customers and partners. It offers an open, multi-vendor approach.

This agreement builds on the existing relationship between the two companies. Mitsubishi Electric joined Nozomi’s US$ 100 million Series E funding round in March 2024. Since then, they have worked together on new ideas and market plans. This partnership set the stage for the acquisition.

Mitsubishi Electric now has a fast-growing, AI-driven cybersecurity software business. This cloud-first company has a strong history of providing scalable solutions. Nozomi’s leadership and engineering skills will boost Mitsubishi Electric’s ability to provide excellent security and digital transformation solutions. This will benefit industrial and critical infrastructure organizations worldwide.

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Mitsubishi Electric has over a century of experience in industrial tech. It will help Nozomi boost its innovation and grow its business faster. The companies plan to use OT and IoT data along with advanced AI. This will help improve cyber defenses and drive meaningful operational improvements for customers. Both organizations focus on customer success. They share a partner-centric business model and promote a supportive culture for employees.

Nozomi Networks confirmed it will continue to serve customers and partners smoothly. The company’s brand, leadership, teams, and operations will stay the same. This keeps stakeholders linked and ensures stability in the roadmap and partnerships.
The acquisition is expected to close in the fourth quarter of 2025. Nozomi will keep its headquarters in San Francisco, California. Research and development will happen in Mendrisio, Switzerland.

Advising on the transaction is EY Strategy and Consulting Co., Ltd. Mitsubishi Electric has White & Case LLP as their legal counsel and a financial advisor. Barclays is the exclusive financial advisor for Nozomi Networks, with Gunderson Dettmer as their legal counsel.