Mitsubishi Electric announces acquisition of ICONICS

Summary

May 20, 2019 – Mitsubishi Electric announced a 100% acquisition of ICONICS in Foxborough, Massachusetts. This partnership is designed to strengthen Mitsubishi’s software portfolio and technology for the manufacturing, industrial, and building automation markets. ICONICS’ software products are used for SCADA, HMI, IoT, mobile, analytics and cloud applications. The acquisition is subject to regulatory approval and other customary closing conditions.

As the demand increases for data utilization with IoT technology in manufacturing industries, Mitsubishi Electric―based on its e-F@ctory concept―launched software products compatible with its Edgecross platform to enhance solutions for edge computing and the cloud. ICONICS develops and offers software products for various business sectors, such as manufacturing, industrial and building automation, and it possesses technology and knowledge in the development of industrial software.