Mitsubishi Electric makes equity investment in ICONICS

Mitsubishi Electric Automation has made a 19.9% equity investment in software company ICONICS to enable Mitsubishi Electric to incorporate ICONICS‘ 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 about US$130 million in the fiscal year ending in March 2014.

US-headquartered ICONICS is a software developer of HMI/SCADA, Manufacturing Intelligence, Building Automation and Energy Management solutions for industrial and facility automation systems.

Founded in 1986, ICONICS has over 250,000 installations in more than 60 countries worldwide. ICONICS flagship products include GENESIS64, GENESIS32, BizViz, Hyper Historian, MobileHMI and AnalytiX.

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