Mitsubishi Electric to Buy Powerex Power Device Distribution Business

Mitsubishi Electric US, Inc. announced today it will acquire the power device distribution business of Powerex, Inc., a joint venture of Japan-based Mitsubishi Electric Corporation and General Electric Company. Powerex, headquartered in Youngwood, Pennsylvania, manufactures and supplies power semiconductor devices. The new business unit will operate as a division of Mitsubishi Electric US to service the North and…