Mitsubishi buys 19.9 Percent of ICONICS

  • October 24, 2011
  • Mitsubishi Electric Automation
  • News

October 24, 2011 – Mitsubishi Electric Automation made a 19.9 percent equity investment in the U.S. software company ICONICS. The move enables Mitsubishi Electric to incorporate ICONICS’ supervisory-control and data-acquisition (SCADA) software in factory and process automation solutions, primarily for new social infrastructure opportunities in emerging markets. Mitsubishi Electric will also work with ICONICS to develop and market energy management and control solutions for factory and process automation applications in key emerging markets, such as China, Southeast Asia, India and Brazil, which are rapidly developing infrastructure for ground and air transportation, water and waste water treatment, building facilities and more. The company expects sales of factory automation solutions for infrastructure projects in emerging markets to reach $130 million, in the fiscal year ending in March 2014. About ICONICS, Inc. ICONICS Inc, headquarter in Foxborough, MA, is a leading  software developer of HMI/SCADA, Manufacturing Intelligence, Building Automation and Energy Management solutions for industrial and facility automation systems which improve productivity, reduce integration time, optimize asset utilization and reduce overall operating costs.. Founded in 1986, ICONICS has over 250,000 installations in more than 60 countries worldwide. ICONICS with its flagship GENESIS64, GENESIS32, BizViz, Hyper Historian, MobileHMI and AnalytiX products meets demanding application challenges of the automotive, building automation, food and beverage, government infrastructure, manufacturing, petrochemical, pharmaceutical, renewable energy, utilities and water/wastewater industries. About Mitsubishi Electric Automation, Inc. Mitsubishi Electric Automation, Inc., in Vernon Hills, Ill., is a subsidiary of Mitsubishi Electric of Japan, offering a comprehensive line of factory automation solutions. Products include programmable automation controllers, programmable logic controllers, human machine interfaces, AC variable frequency drives, servo amplifiers and motors, motion controllers, control software, computerized numerical control systems and robots.   

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