Mitsubishi Electric Corporation has announced that its wholly owned subsidiary, Mitsubishi Electric India Pvt Ltd., will buy a stake in Pune-based Indian software startup Gervigreind Data Science Pvt. Ltd., which operates under the brand “Itanta Analytics” to co-develop and market no-code data analysis and report generation solutions tailored for industrial applications.
The integration of Mitsubishi Electric’s factory automation (FA) hardware and solution software with Itanta’s innovation will focus on time and cost-effective applications. This strategic alliance is expected to enhance Mitsubishi’s FA digital solutions portfolio, facilitating the digital transformation of manufacturing environments.
Specifically, the applications will be combined with Mitsubishi Electric’s FA equipment and GENESIS64TM, 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.
Also Read: Mitsubishi Electric’s Swedish Subsidiary Signs a Share Transfer Agreement to Fully Acquire ALT HeisAs part of its strategic move to evolve into a “Circular Digital-Engineering” entity, Mitsubishi Electric aims to bolster its FA systems business. The organization is actively investing in and forming partnerships with software innovators to improve automation and digitalization across various manufacturing stages, with design, production, testing, operations, and maintenance. This initiative is designed to deliver cutting-edge products and solutions to its clientele globally.
