# Mitsubishi Electric to acquire ICONICS, Inc.

Mitsubishi Electric announced it will acquire the remaining shares of ICONICS, a U.S. SCADA and IoT software company, to make it a wholly owned subsidiary. The acquisition is expected to close within fiscal year ending March 2020.

- Type: Acquisition
- Announced: 2019-05-12
- Where: Foxborough, Massachusetts, United States
- Status: announced
- Products: SCADA software, IoT software, cloud software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (acquirer)
- [ICONICS, Inc.](https://endata.com/companies/38965.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20190512005001/en/Mitsubishi-Electric-Acquire-ICONICS-United-States), 2019-05-13: "Mitsubishi Electric aims to 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."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2019/05/21/mitsubishi-electric-to-acquire-us-software-company-iconics-inc/22588/), 2019-05-21: "Mitsubishi Electric aims to enhance its software product lineup to realise e-F@ctory, including edge-computing, by combining Iconics’ software-developing capabilities and Mitsubishi Electric’s factory-automation technology."
- [iconics.com](https://iconics.com/news/press-releases/2019/iconics-announces-partnership-with-mitsubishi-electric), 2019-05-24: "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."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/tag/acquisition/page/5/), 2019-08-02: "Mitsubishi Electric Corporation is to acquire the remaining shares of Iconics, Inc., a U.S. software company focused on SCADA, IoT, mobile, analytics and cloud software products for the manufacturing, industrial and building-automation markets."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.