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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

FOR IMMEDIATE RELEASE No. 3609

TOKYO, June 2, 2023 - 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)1 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 SaaS2 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), 3 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).4

  1. 1Software combined with programmable logic controllers and other automation products to monitor and gather data from productions sites
  2. 2Software as a Service for subscription-based licensing and delivery of centrally stored software that is packaged as products
  3. 3Experiences and impressions that individuals gain when they use certain products
  4. 4All costs for installing, maintain and manage computer systems

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