Mitsubishi Electric Corporation fully acquire ICONICS UK bolstering ICONICS’ Market Leadership and SaaS Offering for Factory Automation and Smart Buildings
Dudley, West Midlands – June 2nd, 2023 - ICONICS, Inc., a group company of Mitsubishi Electric Corporation and leader in industrial automation software, wholly acquire ICONICS UK – one of the first independent regional offices set up by ICONICS, Inc., in 1991.
ICONICS UK provides software development, solution delivery, and technical support services for the UK and Ireland. The acquisition will expand ICONICS’global software-as-a-service (SaaS) offering for smart buildings, as well as its leadership team and engineering capabilities in Europe and beyond. The day-to-day operations of ICONICS UK will continue without changes, and the acquisition is effective as of June 2nd, 2023.
Ted Hill, President and Chief Executive Officer at ICONICS, Inc. said:
“We are delighted to finalize this deal and integrate the UK team and their IBSS cloud platform fully into the ICONICS and Mitsubishi Electric Factory Automation Systems Group. Over the last three decades, ICONICS UK has been a vital part of our global distribution network, serving as a strategic partner and solution visionary. I am super excited to welcome their talented team into the ecosystem, as we strive to achieve even greater milestones together.”
Clive Walton, Founder and Managing Director of ICONICS UK said:
“Our journey to this point has been unbelievably rewarding, but now we have the full weight of Mitsubishi Electric Corporation behind our people and solutions. I could not be happier for the growth opportunity this brings our UK staff, partners, and most importantly, our valued customers. As a business, we have learned a lot when it comes to building and deploying cloud-based SaaS applications at scale, and we look forward to sharing our experiences with the wider group.
About IBSS – an ICONICS Platform
The ICONICS Intelligent Buildings Software Stack (IBSS) is a cutting-edge Azure-based cloud platform for Smart Buildings that models the relationship between people, places, and devices. The highly extensible SaaS platform can be configured to address various needs, including tenant and digital workplaces for smart office experiences, through to real estate optimisation and sustainability initiatives for landlords and property owners.
While IBSS is already available in several international marketplaces and has seen huge success through a growing partner sales channel, this acquisition promises to fast-track the platform’s development, support, and overall product management.
ICONICS, a group company of Mitsubishi Electric Corporation, is headquartered in Foxborough, Massachusetts USA and is a global software developer of visualization, HMI, SCADA, and energy solutions. With installations running in over 100 countries worldwide and over 70 percent of Global 500 companies, ICONICS software is recommended for automating, monitoring, and optimizing a customer's most critical assets. ICONICS offers competitive software products for various business sectors, such as manufacturing, industrial and building automation, and it possesses advanced technology and remarkable industry leading knowledge in the development of industrial software. ICONICS is a seven-time Microsoft Partner of the Year award winner and has been recognized eleven times for a Microsoft Partner of the Year award.
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