Japan, July 7 -- Mitsubishi Electric Corporation announced that it reached an agreement on July 2 to transfer a portion of its shares in its wholly owned, Fukuoka-based subsidiary, Mitsubishi Electric FA Industrial Products Corporation, to Konecranes Oyj, a company based in Finland. The transaction is expected to be completed within the current fiscal year ending in March 2027, pending necessary regulatory approvals. Following the transfer, Mitsubishi Electric FA Industrial Products will become a Konecranes subsidiary, with Konecranes holding a 70.0% stake and Mitsubishi Electric retaining a 30.0% stake. The company is also expected to be renamed.Mitsubishi Electric FA Industrial Products has developed its hoist and geared motor businesses ...