Rockwell Automation has completed the acquisition of Plex Systems, which is a leading cloud-native manufacturing platform. Rockwell Automation has agreed to acquire Plex for $2.22 billion in cash. In addition, both the companies have agreed to provide a modern and robust infrastructure for cloud-native platforms. With this deal, both the firms will expand their cloud-based market worldwide.
Plex will offer a single-instance, multi-tenant SaaS manufacturing platform, including advanced manufacturing execution systems, quality, and supply chain management capabilities. The company has around 700 customers and manages more than 8 billion transactions per day. Its software capabilities will be further differentiated by Rockwell Automation's global market access, turning real-time data into actionable insights.
Also, Plex's platform will help its customers to connect, automate, track, and analyze their operations and connected supply chains. The acquisition will be a combination of cash and short-term and long-term debt. It is reported that the acquisition is expected to close in Rockwell Automation's fiscal fourth quarter. As a part of this acquisition, Rockwell Automation will add more than 500 new employees to design, operate, and maintain production automation and management systems.