Mitsubishi Electric to Acquire Industrial Automation Software Provider ICONICS

Mitsubishi Electric Corporation announced that it will acquire the remaining shares of ICONICS, Inc., a U.S-based software company focused on HMI/SCADA, IoT, mobile, analytics, and cloud software products for the manufacturing, industrial and building-automation markets, to make the company a 100 percent subsidiary within the Mitsubishi Electric Group.  Mitsubishi Electric aims to help enhance its software product lineup to realize e-F@ctory, 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.

Human Machine Interface (HMI)/Supervisory Control and Data Acquisition (SCADA) is a software used together with, for example, programmable logic controllers (PLCs), programmable automation controllers (PACs), or other automation products to, for example, visualize, monitor, and gather data from productions sites.

e-F@ctory is an integrated solution based on factory automation (FA) and information technologies to help to reduce the total cost of developing, producing and maintaining products.

Mitsubishi Electric, through this acquisition, aims to strengthen its development capabilities by integrating ICONICS’ engineering skills, expertise and technology for the development of software products to realize e-F@ctory.  Going forward, Mitsubishi Electric will provide various types of software products to meet data-utilization needs in manufacturing industries and thereby contribute to help improve manufacturing productivity and quality.

Source: Mitsubishi Electric