Rockwell Automation to Acquire MagneMotion, a Leading Manufacturer of Intelligent Conveying Systems
February 10 2016 - 7:10AM
Business Wire
Advanced Motion Technology Will Complement iTRAK Motion
Solution
Rockwell Automation (NYSE: ROK) today announced that it has
agreed to purchase MagneMotion, a leading manufacturer of
intelligent conveying systems. MagneMotion systems are used across
a broad range of industrial applications including automotive and
general assembly, packaging and material handling. This acquisition
will complement Rockwell Automation’s iTRAK to create the broadest
portfolio of independent cart solutions in this emerging technology
area.
“This acquisition continues our strategy to build a portfolio of
smart manufacturing technologies that brings next generation
performance to our customers today,” said Marco Wishart, vice
president and general manager of Rockwell Automation’s motion
control business. “MagneMotion expands our existing capabilities in
independent cart technology. Our recent acquisition of Jacobs
Automation and its iTRAK technology is complementary to
MagneMotion’s portfolio. We see a future where the transportation
of products within the factory, whether inside of a particular
machine or between machines, will be fully controlled to optimize
the productivity and flexibility of the entire process.”
“This deal is the logical next step in the evolution of our
business, and a welcome development for MagneMotion,” said Todd
Weber, president and CEO of MagneMotion. “Rockwell Automation’s
leading position in plant-wide controls and industrial automation
gives us the best opportunity to introduce this technology to
customers. As the market continues to realize the benefits of
applying independent cart technology, Rockwell Automation’s global
organization will be a tremendous asset.”
MagneMotion, based in Devens, Mass., will be integrated into
Rockwell Automation’s motion business, within its Architecture
& Software segment. The acquisition is expected to close this
quarter.
Rockwell Automation Inc. (NYSE: ROK), the world’s largest
company dedicated to industrial automation and information, makes
its customers more productive and the world more sustainable.
Headquartered in Milwaukee, Wis., Rockwell Automation employs over
22,000 people serving customers in more than 80 countries.
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Rockwell Automation Contacts:Patrick GorisVice President,
Finance and Investor
Relations414-382-8510ppgoris@ra.rockwell.comorKeith LesterPublic
Relations Manager414-382-4871 (o)414-406-8882
(m)klester@ra.rockwell.com
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