Finnish-based
Visual Components, a developer of 3-D simulation software, has annouced that following a long-term collaboration with
Mitsubishi Electric Corporation (MELCO), the two companies are working together in a joint venture to establish a new robotics and automation simulation software company, ME Industrial Simulation Software Corporation.
During 2022 Visual Components has seen growth in turnover to 14.4 million euros 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 (Asia–Pacific) region and will compliment MELCO’s existing 3-D 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 optimise through capacity estimates, Work in Progress (WIP), bottleneck analysis, and buffer-size optimisation, among other capabilities.
Visual Components CEO Mikko Urho (pictured) said: “This joint venture will be able to maximise synergies by combining Visual Components’ superior 3-D simulation software with Mitsubishi Electric’s manufacturing know-how. Through synergies, we will accelerate the realisation of digital manufacturing and contribute to strengthening the competitiveness of our customers.”
MELCO’s FA system division general manager Toshie Takeuchi adds: “Specifically, we aggregate and analyse 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.”