Mitsubishi Electric agrees to buy energy software maker PCI Energy Solutions for $1.4B

Mitsubishi Electric agreed to buy PCI Energy Solutions, an Oklahoma-based maker of software for the power market, for $1.4B. Jiji Press called it the Japanese company's largest acquisition ever. (Jiji Press via Adnkronos; Energy Digital)

PCI (legally Power Costs Inc.) sells software for forecasting, scheduling, energy trading, risk management and settlement, and has more than 120 corporate customers, mostly in the US power market. The deal is for 100% of the company and is expected to close in 2026, pending regulatory approval. The seller was not named. (Jiji Press via Adnkronos; Energy Digital)