TMEIC (????????????????, Toshiba Mitsubishi Denki Sangyo Shisutemu Kabushiki-gaisha?) is a joint venture between Toshiba and Mitsubishi Electric headquartered in Tokyo, Japan, specializing in industrial electric and automation systems for industrial plants. The company develops and produces power electronics apparatus, electric motors, drivers, and uninterruptible power supplies. TMEIC has worldwide operations with approximately 2000 employees. Tokyo Electric Company, the predecessor of Toshiba Corporation, was founded in 1896. Mitsubishi Electric Corporation was founded in 1921.