Mitsubishi Electric India to Acquire Stake in Gervigreind Data Science, Indian Software Startup Company
Japan, Jan. 30 -- Mitsubishi Electric Corporation 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 GENESIS64TM, a sup...
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