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Mitsubishi Electric India to acquire stake in Gervigreind Data Science

By Staff Writer ,

Added 30 January 2025

Mitsubishi Electric Corporation has announced that its wholly owned subsidiary, Mitsubishi Electric India Pvt. Ltd., will acquire a stake in the Indian software startup Gervigreind Data Science Pvt. Ltd., which operates under the name "Itanta Analytics." This partnership aims to collaboratively develop and sell no-code applications for data analysis and report generation. Through this collaboration, Mitsubishi Electric intends to enhance its factory automation (FA) digital solutions business and support the digitalisation of manufacturing sites by integrating its FA equipment and solution software with the innovative cost- and time-saving applications offered by its new partner.

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 realise digital solutions using systems developed through simple no-code engineering. Leveraging its partner's extensive application expertise, Mitsubishi Electric plans to further develop 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 digitalisation in diverse manufacturing processes, including design, manufacturing, testing, operation and maintenance, ultimately to provide customers with best-in-class products and solutions.

In recent years, the manufacturing sector has faced challenges such as rising capital and labour costs, diversifying customer needs, and the need for further productivity improvements. In response, manufacturers are increasingly using digital technology and data. To reduce labour-intensive system-construction tasks and time, manufacturers are seeking development environments that are easy to build and do not require complex programming. In India, where manufacturers are experiencing high growth supported by government policies, but also rising labour costs and a shortage of available labour, there is a strong demand for software, such as data-analysis tools, which can be easily implemented to improve work efficiency.

Going forward, Mitsubishi Electric is committed to promoting open innovation by collaborating with innovative companies and cutting-edge technologies.