Rockwell Automation to buy Plex Systems for $2.2bn in cash
Rockwell Automation has agreed to buy business software maker Plex Systems for $2.2bn in cash in a deal that is expected to be immediately accretive to Rockwell operating margins.
Plex offers the only single-instance, multi-tenant SaaS manufacturing platform operating at scale, including advanced manufacturing execution systems, quality, and supply chain management capabilities, Rockwell said.
It has more than 700 customers and manages more than 8 billion transactions per day.
Rockwell chairman and chief executive Blake Moret said: "Combining Plex’s cutting-edge cloud technology with Rockwell’s existing software portfolio and domain expertise will add customer value and create more ways to win. The acquisition will also accelerate our software revenue growth and strengthen our annual recurring revenue streams."
Plex will be reported as part of Rockwell’s Software and Control operating segment, which provides hardware and software offerings for the design, operation, and maintenance of production automation and management systems.