PTC and Rockwell Automation have reached a definitive agreement for a strategic partnership that is expected to accelerate the growth of both companies and enable them to be a partner of choice for customers around the world wishing to undertake a digital transformation of their industrial activities. As part of this partnership, Rockwell Automation will invest $1 billion in TPC, and Blake Moret, CEO and Chairman of Rockwell Automation, will join TPC's Board of Directors upon closing.
This partnership will enable the two companies to develop synergies in terms of resources, technologies, industrial expertise and global market presence, as well as develop technical collaboration and propose joint business initiatives. In particular, PTC and Rockwell Automation have agreed to align their respective smart factory technologies and combine the award-winning ThingWorx Internet of Things (IoT) solution, Kepware industrial connectivity and Vuforia augmented reality (RA) platforms with the best MES FactoryTalk systems, The FactoryTalk Analytics analytics solution and Rockwell Automation's industrial automation platforms. This unrivalled integrated information solution will enable customers to increase productivity, optimize plant efficiency, reduce operational risks and improve system interoperability.
"This strategic alliance will provide a global package of state-of-the-art technologies, combining solutions from PTC, a leader in IoT and augmented reality, and Rockwell Automation, the leader in industrial automation and information. All of our clients will benefit from the expertise of two world-class companies that can understand their issues and offer them comprehensive, innovative and integrated solutions,"said Jim Heppelmann, CEO of PTC. Leveraging Rockwell Automation's industrial and software control technology, strong brand and immense expertise in the field, TPC's award-winning technology enables industrial companies to capitalize on the promise of industrial IoT. I look forward to this partnership and the new opportunities that will contribute to our success."
Blake Moret, CEO of Rockwell Automation, said: "We believe this strategic partnership will allow us to accelerate our growth by building on the innovations of our two companies to enhance the value of the connected business and strengthen our relationships with our customers. As information and operational technologies converge, a natural alignment is created between our companies. Together, we will offer the most comprehensive and flexible IoT offer in the industrial sector. Our financial investment in TPC demonstrates our confidence in this partnership and in the potential for underwriting sales growth resulting from this new collaboration."
Rockwell Automation's Solutions division will be a preferred deployment and implementation provider, supported by a strong ecosystem of partners established by both companies. The strengths of the two companies complement each other in terms of geographic areas, markets and applications.
Find out more: