Mitsubishi Electric India to Acquire Stake in Gervigreind Data Science, Indian Software Startup ...
Mitsubishi
Electric India announced 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, 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.
Leave A Comment