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Mitsubishi Electric to Acquire ICONICS, Inc. in United StatesMitsubishi Electric Corporation (TOKYO:6503) announced today that it will acquire the remaining shares of ICONICS, Inc., a U.S. software company focused on SCADA,1 IoT, mobile, analytics and cloud software products for the manufacturing, industrial and building-automation markets, to make the company a 100% subsidiary within the Mitsubishi (News - Alert) Electric Group. Mitsubishi Electric aims to enhance its software product lineup to realize e-F@ctory,2 including edge-computing, by combining ICONICS' software-developing capabilities and Mitsubishi Electric's factory-automation technology. The acquisition is subject to regulatory approval and other customary closing conditions, and is expected to close within Mitsubishi Electric's fiscal year ending in March 2020.
1 Supervisory Control and Data Acquisition (SCADA) is a
software used together with programmable logic controllers or other
automation products to monitor, or gather data from, productions sites.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190512005001/en/ |