# PTC and Rockwell Automation form strategic partnership

PTC and Rockwell Automation entered a strategic partnership, with Rockwell Automation making a $1 billion equity investment in PTC and Blake Moret joining PTC's board. The partnership aligns smart factory technologies.

- Type: Partnership
- Announced: 2018-06-11
- Where: United States
- Value: $1.00B
- Status: announced
- Products: IoT platforms, industrial automation, augmented reality
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Rockwell Automation](https://endata.com/companies/2401.md) (partner)
- [PTC](https://endata.com/companies/3113.md) (partner)

## Sources

- [rockwellautomation.com](https://www.rockwellautomation.com/en-us/company/news/press-releases/PTC-and-Rockwell-Automation-Announce-Strategic-Partnership-to-Drive-Industrial-Innovation-and-Accelerate-Growth.html), 2018-06-11: "PTC Inc. and Rockwell Automation, Inc. today announced that they have entered into a definitive agreement for a strategic partnership that is expected to accelerate growth for both companies."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.