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Rockwell Automation Successfully Acquires Plex Systems to Expand Cloud Offering

Rockwell Automation Successfully Acquires Plex Systems to Expand Cloud Offering
The Siliconreview
28 June, 2021

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.