Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to close in Rockwell Automation’s fiscal fourth quarter.Ĭraig Resnick, ARC Advisory Group, commented, “ A post-pandemic world requires manufacturers and processors to rapidly accelerate their Digital Transformation journey in order to retain a competitive advantage. The acquisition will be financed with a combination of cash and short-term and long-term debt. As a part of the acquisition, Rockwell Automation will add more than 500 new employees.
#Plex systems software
Plex will be reported as part of Rockwell Automation’s Software and Control operating segment, which provides hardware and software offerings for the design, operation, and maintenance of production automation and management systems. Plex’s platform helps its customers to connect, automate, track, and analyze their operations and connected supply chains. Plex’s software capabilities will be further differentiated by Rockwell Automation’s global market access, complementary industry expertise, and ability to turn real-time data into actionable insights.Ī growing dilemma for manufacturers is the urgent need to increase production and improve resilience, while driving efficiency and compliance. Led by founders who once worked in a manufacturing facility, Plex Systems helps over 400 manufacturers better manage inventory and shipping by bringing these.
It has over 700 customers and manages more than 8 billion transactions per day. Plex offers a single-instance, multi-tenant SaaS manufacturing platform operating at scale, including advanced manufacturing execution systems, quality, and supply chain management capabilities. Rockwell Automation and Plex Systems, a leading cloud-native smart manufacturing platform operating at scale, announced that Rockwell Automation has entered into an agreement to acquire Plex for $2.22 billion in cash. delivers industry-leading ERP, MES, and Industrial IoT solutions to manufacturers across process and discrete.