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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 ����̽̽ 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 ����̽̽ 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 ����̽̽ 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. ����̽̽ 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.

Rockwell to acquire ����̽̽ Systems for $2.22 billion in cash ����̽̽ is the leading pure software-as-a-service, cloud-native smart manufacturing platform operating at scale ����̽̽ provides leading applications in manufacturing execution, supply chain visibility, and quality management across discrete, hybrid, and process industry segments ����̽̽ revenue growing double digits and acquisition is expected to be immediately accretive to Rockwell ope

“����̽̽ 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 ����̽̽ team in accelerating their execution against this transformative vision and greatly scaling the business.”

����̽̽ 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. ����̽̽ 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.

Troy, MI, June 8, 2021 — ����̽̽ 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 ����̽̽ Impact Award winners.

Hexagon and ����̽̽ will partner in opportunities, initially in Europe and India, where Hexagon prospects and customers have MES needs. The combination of Hexagon and ����̽̽ for these manufacturers provides a fully digitalized solution from plant measurement and metrology to managing end-to-end production.

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