Rockwell Automation Announces Intent to Acquire CUBIC

- Publicidad -

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced that it has signed a definitive agreement to acquire CUBIC, a company that specializes in modular systems for the construction of electrical panels. CUBIC, founded in 1973, serves fast-growing industries, such as renewable energy, data centers, and infrastructure, and is headquartered in Bronderslev, Denmark.

CUBIC’s efficient and flexible modular systems combined with Rockwell’s intelligent devices and industry expertise will benefit customers by offering faster time to market, enabling broader plant-wide applications for intelligent motor control, and generating smart data to increase sustainability and productivity.

- Publicidad -

CUBIC’s established partner model will allow Rockwell to build an expanded Partner Network for intelligent motor control offerings in Asia, Europe, and Latin America. The company will bring new customers and partners in hybrid and process industries. Additionally, CUBIC will broaden Rockwell’s market access in renewable energy and data center solutions.

“CUBIC’s innovative motor control solutions strengthen our portfolio of leading intelligent motor control technologies,” said Bob Buttermore, vice president and general manager of Rockwell’s Power Control Business. “We are pleased to welcome a talented team with specialized expertise in structural design, power systems, and global standards.”

“Joining Rockwell will enable us to expand our relationships and accelerate our global growth,” said Jacob Moller Knudsen, CEO of CUBIC. “This is a perfect match that will allow us to offer our customers the best solutions going forward.”

At close, CUBIC will report to Rockwell’s Power Control Business in the Intelligent Devices operating segment.

CUBIC is expected to report more than $75 million in sales in fiscal year 2022, which ended Sept. 30. The transaction is subject to customary regulatory approval and is expected to close by the end of 2022.

- Publicidad -

Más del autor

Artículos relacionados

Lo más reciente

El COI elige a Francia para los Juegos Olímpicos de Invierno de 2030 y Salt Lake City para 2034

El Comité Olímpico Internacional (COI) confirmó este miércoles a los Alpes franceses como única candidatura de cara a la organización de los Juegos Olímpicos...

Google eliminará cuentas inactivas por dos años este 1 de diciembre

El próximo 1 de diciembre, los entusiastas de la tecnología estarán atentos a una advertencia emitida por Google, la reconocida empresa tecnológica. Según la...

Taylor Swift desplazó a Bad Bunny y es la artista más escuchada en el mundo durante 2023

Taylor Swift concluirá 2023 como la artista más escuchada en el mundo en Spotify, la plataforma de audio en “streaming” más grande del planeta,...

¿Quieres recibir las notas de mayor interés en tu email?

Comparte con nosotros tu email y te haremos llegar las noticias de mayor relevancia directo a tu correo