Mitsubishi Electric India to Acquire Stake in Gervigreind Data Science, Indian Software Startup Company

TOKYO--( BUSINESS WIRE )-- Mitsubishi Electric Corporation (TOKYO:6503) announced today that its wholly owned subsidiary, Mitsubishi Electric India Pvt Ltd., will acquire a stake in Indian software startup Gervigreind Data Science Pvt. Ltd. (doing business as “Itanta Analytics”) to jointly develop and sell no-code data-analysis and report-generation applications. Under a collaboration agreement, Mitsubishi Electric plans to strengthen its FA digital solutions business and contribute to the digitalization of manufacturing sites by combining its factory automation (FA) equipment and FA solution software with its new partner’s cost- and time-saving applications.

Specifically, the applications will be combined with Mitsubishi Electric’s FA equipment and GENESIS64^TM, a supervisory control and data acquisition (SCADA) software developed by ICONICS, Inc., a wholly owned U.S. subsidiary of Mitsubishi Electric. The goal is to realize digital solutions using systems developed through simple no-code engineering. Leveraging its partner’s extensive application expertise, Mitsubishi Electric plans to further grow its FA digital solutions business globally.

As Mitsubishi Electric strives to accelerate its transformation into a “Circular Digital-Engineering” company, its FA systems business is investing in and cooperating with software companies to strengthen automation and digitalization in diverse manufacturing processes, including design, manufacturing, testing, operation and maintenance, ultimately to provide customers with best-in-class products and solutions.

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