Japan's Mitsubishi Electric Corp (TYO:6503) said on Thursday it had agreed to acquire US energy management software provider PCI Energy Solutions for USD 1.4 billion (EUR 1.2bn), seeking to strengthen its energy optimisation business as continued growth of renewables and rising electricity demand make power markets more complex.

Mitsubishi Electric Agrees to Wholly Acquire PCI Energy Solutions

Tokyo, Aug. 20 (Jiji Press)--Mitsubishi Electric Corp. said Thursday that it will acquire PCI Energy Solutions, a U.S. provider of software for energy trading management, for 1.4…