On May 13, Mitsubishi Electric, a long-time ICONICS partner, announced that it would acquire 100% of the remaining shares of ICONICS, Inc. Mitsubishi Electric and ICONICS together will provide a wide range of software solutions to meet the demanding requirements of the manufacturing, factory automation, industrial production, smart buildings, facilities, and infrastructure markets.
“Under the joint agreement, ICONICS business will continue to be the open software platform it has always been, with no changes in management and product strategy, nor changes to our sales channels,” said Russ Agrusa, ICONICS CEO, and Satoshi Takeda, Senior Deputy General Manager of Nagoya Works, Mitsubishi Electric.
“We are committed to our valued customers and our existing business partnerships and agreements that we have with our resellers, OEMs, and system integrators,” continues Agrusa. “ICONICS will continue to operate and do business as ICONICS in the same Foxboro, Massachusetts USA HQ location under the ICONICS brand selling the same ICONICS products and software. We are totally committed to continuing our advanced product development and we have plans to enhance the ICONICS suite of products for many years to come. The opportunity to greatly increase our presence in the fast-growing markets of Japan, Asia, and other locations around the world is significant. I feel that there is a massive growth potential for our IoT, SCADA, Analytics, Historian, and cloud software products and services for ICONICS, as well as for our partners.”
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