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.
MILWAUKEE – Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced that it has completed the acquisition of Plex Systems, the leading cloud-native smart manufacturing platform.
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.
Rockwell Automation Inc. is acquiring closely held Plex Systems for $2.22 billion in cash to boost its offering of cloud services to customers ranging from automakers to warehousing and logistics firms. The acquisition is expected to close in the quarter ending in September, Rockwell said Friday in a statement. The Milwaukee-based company will bring on 500+ employees from closely held Plex.
Fitch Ratings has affirmed Rockwell Automation, Inc.'s Long-Term Issuer Default Rating and senior notes at 'A', and Short-Term IDR and Commercial Paper at 'F1'. The Rating Outlook is Stable. This action follows the company's announcement that it has agreed to acquire Plex Systems from Francisco Partners for $2.2 billion. The transaction is expected to close in Rockwell's fiscal fourth quarter.