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ICONICS, Inc. to Wholly Acquire ICONICS UK, Ltd.

Aiming to leverage robust software development for Circular Digital-Engineering business in FA field

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that its wholly owned subsidiary ICONICS, Inc. has formally agreed to wholly acquire ICONICS UK, Ltd., which sells supervisory control and data acquisition (SCADA) software and develops related cloud applications.

Mitsubishi Electric wholly acquired ICONICS, Inc. in 2019 to strengthen its global software-development capabilities. ICONICS UK, the distributor of ICONICS products in the UK, has its own cloud application development and SaaS business.

Mitsubishi Electric and ICONICS plan to leverage ICONICS UK's technology and know-how to establish a Circular Digital-Engineering business model for factory-automation solutions that optimize factory equipment and systems. ICONICS UK's user-experience (UX), cloud-related technical assets, and engineers will support the development of integrated solutions that collect on-site production data and then reproduce, analyze and apply the data in digital space. Benefits include improved productivity and quality as well as reduced total cost of ownership (TCO).

For the full text, please visit: www.MitsubishiElectric.com/news/

Contacts

Customer Inquiries
Product Marketing Group
FA Digital Engineering Department
Factory Automation Systems Group
Mitsubishi Electric Corporation
www.MitsubishiElectric.com/fa/support/

Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2346
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Industry:

Mitsubishi Electric Corporation

TOKYO:6503
Release Versions
English

Contacts

Customer Inquiries
Product Marketing Group
FA Digital Engineering Department
Factory Automation Systems Group
Mitsubishi Electric Corporation
www.MitsubishiElectric.com/fa/support/

Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2346
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

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