Creating Future Resilience
Plex's Ben Stewart explains why Industrial Internet of Things (IIoT) technology is key in building future resilience and overcoming unforeseen challenges.
Rockwell Automation joins forces with Kezzler to enhance supply chain visibility. Following the recently announced Plex Systems acquisition, Rockwell will incorporate Plex's cloud-native factory floor track-and-trace capabilities into Kezzler's product digitization system.
Rockwell Automation’s recent acquisition of Plex Systems is cited as an example of industrial companies’ interest in B2B SaaS platforms. Note: The translated reference may inaccurately appear as Flex Systems.
An exciting new chapter for Plex Systems begins: Plex is joining forces with Rockwell Automation. When Accel first partnered with the Plex team in 2012, they believed that their cloud-based smart manufacturing solutions would be the key to dramatically increasing factory operations and supply chain efficiency for global manufacturers everywhere.
Paul Hastings is guiding investment firm Francisco Partners in its $2.2 billion cash deal to sell manufacturing software maker Plex Systems to Rockwell Automation. Rockwell announced the deal on June 25th as the Milwaukee, Wisconsin-based industrial automation equipment maker looks to boost its revenue from cloud offerings.
Rockwell Automation Inc. agreed to buy industrial cloud software company Plex Systems for $2.2 billion. Rockwell has traditionally preferred to partner with companies to expand its software offerings, but the company signaled it may be thinking about more overt takeovers last year. Plex Systems is Rockwell's largest publicly announced takeover.
In a report released today, Noah Kaye from Oppenheimer assigned a Buy rating to Rockwell Automation, with a price target of $286.00. The company’s shares closed last Thursday at $285.51, close to its 52-week high of $289.52. Corporate insider sentiment is positive on the stock.
Plex Systems, Inc., a Rockwell Automation company, is the leader in cloud-delivered smart manufacturing solutions, empowering the world’s manufacturers to make awesome products. Our platform gives manufacturers the ability to connect, automate, track and analyze every aspect of their business to drive transformation. The Plex Smart Manufacturing Platform includes solutions for manufacturing execution (MES), ERP, quality, supply chain planning and management, Industrial IoT and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 24,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.
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