Deal Snapshot
MITSUBISHI ELECTRIC TO ACQUIRE ICONICS TO ENHANCE SOFTWARE PRODUCT LINEUP
Wednesday 15 May 2019

Japan-based electronics company Mitsubishi Electric Corp. (TOKYO: 6503) has agreed to acquire the remaining shares of US software company ICONICS, Inc., making ICONICS a subsidiary of Mitsubishi Electric, the company said.
Terms of the acquisition were not disclosed and the transaction is expected to close within Mitsubishi Electric's fiscal year ending in March 2020.


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Details
Date Published: 15/05/2019
Target: ICONICS, Inc
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Mitsubishi Electric Corp
Comment:
Terms of the deal were not disclosed

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