“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.”

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.

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.

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.

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.

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.

Hexagon and Plex Systems have announced a new, strategic partnership that will enable Hexagon’s Manufacturing Intelligence division to co-sell Plex’s manufacturing execution system (MES) to Hexagon manufacturing customers.

Troy, MI, May 26, 2021 — Plex Systems, the leader in cloud-delivered smart manufacturing solutions, announced today that partners Control+M Solutions and Revolution Group, Inc. are the recipients of the company’s annual partner awards: the Plex Partner Impact Award and Partner of the Year Award.

Troy, MI, May 25, 2021 — Plex Systems, the leader in cloud-delivered smart manufacturing solutions, announced today that it has donated $50,000 to support the FIRST® organization and its mission to inspire young people to become science and technology leaders.