MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION

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No. 3609

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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
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 andapply the data in digital space. Benefits include improved productivity and quality as well as reduced total costof ownership (TCO).4
About ICONICS UK, Ltd.
President & CEO
Location
Establishment
Employees
BusinessClive Walton
Unit 1 Castle Court, Castlegate Way, Dudley West Midlands DY1 4RD, UK
1996
56 (April 2023)
SCADA software sales in UK & cloud-application development and sales

Software combined with programmable logic controllers and other automation products to monitor and gather data fromproductions sites
2Software as a Service for subscription-based licensing and delivery of centrally stored software that is packaged as products
3Experiences and impressions that individuals gain when they use certain products
4All costs for installing, maintain and manage computer systems
11/2About ICONICS, Inc.
President & CEOLocation
Establishment
Employees
BusinessWebsite

Ted Hill
100 Foxborough Boulevard, Foxborough, MA 02035, USA
1986
170 (April 2023)
SCADA development and sales
https://iconics.com/###About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi ElectricCorporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electricaland electronic equipment used in information processing and communications, space development and satellite
communications, consumer electronics, industrial technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company
recorded a revenue of 5,003.6 billion yen (U.S.$ 37.3 billion*) in the fiscal year ended March 31, 2023. For
more information, please visit www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥134=U.S.$1, the approximate rate on the Tokyo
Foreign Exchange Market on March 31, 2023

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