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.
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News and Happenings
July 21, 2021
July 14, 2021
Ara Surenian, senior product manager at Plex Systems, discusses the impact COVID-19 has had on supply chains and what manufacturers can do about it.
July 6, 2021
The writer analyzes Rockwell’s acquisition of Plex Systems and the trend in software investing for other industrial companies.
July 5, 2021
Analysis of recent the acquisition of Plex by Rockwell Automation and other related M&As.
July 2, 2021
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
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
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
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.
June 25, 2021
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.
June 25, 2021
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