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  • News

    June 25, 2021

    Analyst Ratings: Oppenheimer Believes Rockwell Automation Still Has Room to Grow

    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.

  • News

    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.

  • News

    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.”

  • News

    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.

  • News

    June 25, 2021

    The Wall Street Journal: Francisco Partners Sells Plex Systems to Rockwell Automation for $2.22 Billion

    Francisco Partners, a global investment firm that specializes in partnering with technology businesses, today announced it has signed a definitive agreement to sell Plex Systems, the leading cloud-native smart manufacturing software platform, to Rockwell Automation, Inc. (NYSE: ROK) for $2.22 billion in cash.

  • News

    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.

  • News

    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.

  • Press Release

    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 ope

  • Press Release

    June 8, 2021

    Plex Systems Honors Unstoppable Manufacturers with 2021 Impact Awards

    Troy, MI, June 8, 2021 — Plex Systems, the leader in cloud-delivered smart manufacturing solutions, today announced that Hatch Stamping Company, Omega Bio-tek and Thai Summit America are the 2021 Plex Impact Award winners.

  • News

    June 1, 2021

    Quality Magazine: Hexagon, Plex Systems Announce Partnership to Deliver Smart Manufacturing Solutions

    Hexagon and Plex will partner in opportunities, initially in Europe and India, where Hexagon prospects and customers have MES needs. The combination of Hexagon and Plex for these manufacturers provides a fully digitalized solution from plant measurement and metrology to managing end-to-end production.

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