New joint venture between Mitsubishi Electric Corporation and Visual Components to lead digital manufacturing into a new era
The two companies are combining capabilities to establish robotics and automation simulation software company, ME Industrial Simulation Software Corporation
Indiana, US - November 2nd 2023 - Finnish based developer of 3D simulation software, Visual Components, today announces that following a long-term collaboration with Mitsubushi Electric Corporation (MELCO), the two companies are working together in a joint venture to establish a new company, ME Industrial Simulation Software Corporation.
During 2022 Visual Components has seen growth in turnover to 14.4M€ and an increased employee headcount by 25% to 128 employees. Visual Components' robotics and automation simulation software offering is set to be a big step in Visual Components strategic aim to grow its presence in the APAC region and will compliment MELCO's existing 3D simulation solution, MELSOFT Gemini, by strengthening and fastening it through deeper integration with MELCO's existing factory automation software and programmable controllers (PLC).
ME Industrial Simulation Software Corporation, with the research and development carried out by Visual Components, will be able to assist manufacturers globally to implement new technologies to their production. Helping to optimize through capacity estimates, Work in Progress (WIP), bottleneck analysis, buffer size optimization, amongst other capabilities.
Mikko Urho, CEO at Visual Components comments: "This joint venture will be able to maximize synergies by combining Visual Components' superior 3D simulation software with Mitsubishi Electric's manufacturing know-how. Through synergies, we will accelerate the realization of digital manufacturing and contribute to strengthening the competitiveness of our customers."
Mitsubishi Electric Corporation FA System Division General Manager Toshie Takeuchi adds: "Specifically, we aggregate and analyze data acquired from equipment and equipment at manufacturing sites using our FA equipment in a digital space to solve problems in our customers' engineering chains. By establishing a joint venture with Visual Components, we will combine the strengths of both companies and contribute to solving problems at manufacturing sites."
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About Visual Components
Founded by a team of simulation experts and amassing over 20 years in business, Visual Components is one of the pioneers of the 3D manufacturing simulation industry. The organization is a trusted technology partner to a number of leading brands, offering machine builders, system integrators and manufacturers a simple, quick and cost-effective solution to design and simulate production processes and offline programming offline robot programming (OLP) technology for fast, accurate and error-free programming of industrial robots. For more information please visit: https://www.visualcomponents.com/
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