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.

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.

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.

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.

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.

Cobham, UK and Troy, MI, May 24, 2021 — Hexagon, a global leader in sensor, software, and autonomous technologies, and Plex Systems, the leader in cloud-delivered smart manufacturing solutions, today announced a new strategic partnership.