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July 2, 2021 From B2C Startups to Industrial Companies, SaaS is Attracting Attention as a New Business
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.
June 28, 2021
Accel: Plex: Made in Detroit
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.
June 25, 2021
Rockwell Automation to Expand Industrial Cloud Software Offering with Acquisition of Plex Systems
Rockwell to acquire Plex Systems for $2.22 billion in cash Plex is the leading pure software-as-a-service, cloud-native smart manufacturing platform operating at scale Plex provides leading applications in manufacturing execution, supply chain visibility, and quality management across discrete, hybrid, and process industry segments Plex revenue growing double digits and acquisition is expected to be immediately accretive to Rockwell opera
June 25, 2021
FP: Francisco Partners Sells Plex Systems to Rockwell Automation for $2.22 Billion
“Plex has always been at the forefront of the smart manufacturing revolution having launched its first cloud-native products more than two decades ago,” said Petri Oksanen, Partner at Francisco Partners. “We are grateful to have had the opportunity to support the Plex team in accelerating their execution against this transformative vision and greatly scaling the business.”
June 25, 2021
Diginomica: Wedding bells for Plex Systems and Rockwell Automation - but what are the terms?
Plex literally wrote the book on cloud-based ERP, having been doing this since the late 1990s. Many of their competitors only recently embraced cloud and/or multi-tenant cloud technology. Plex has developed deep manufacturing expertise in the automotive sector along the way. The deal will be very complementary and should be accretive in a relatively short time.
June 25, 2021
CNBC: Rockwell Automation CEO on Plex Systems Deal, Infrastructure, and More
The industrials rallied after the June 24th infrastructure breakthrough. Blake Moret, Rockwell Automation CEO, joined “Squawk Box” on Friday to discuss the deal between a bipartisan group of senators and the White House as well as the company’s deal to buy Plex Systems and more.
June 25, 2021
Bloomberg: Rockwell Buys Plex for $2.22 Billion in Industrial-Cloud Deal
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.
June 25, 2021
Fitch Ratings: Fitch Affirms Rockwell Automation's Ratings Following Plex Systems Acquisition
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.
June 25, 2021
Reuters: Paul Hastings-Led PE Firm Sells Software Maker to Rockwell Automation
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.
June 25, 2021
Bloomberg Opinion: Deals, Activists, and Corporate Governance
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.

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