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May 13 - 11:05
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Mitsubishi Electric acquires remaining shares of ICONICS
Mitsubishi Electric Corporation is to acquire the remaining shares of ICONICS. The company focuses on IoT, mobile, analytics and cloud software products for the manufacturing, industrial and building-automation markets. The agreement makes the company a 100% subsidiary within the Mitsubishi Electric Group. The deal is subject to closing agreements and is expected to close this year.
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