# PTC and Rockwell Automation form strategic IoT partnership

PTC and Rockwell Automation entered a definitive agreement for a strategic partnership to align smart factory technologies. Rockwell Automation will also make a $1 billion equity investment in PTC, and Blake Moret will join PTC's board.

- Type: Partnership
- Announced: 2018-07-10
- Value: $1.00B
- Status: announced
- Products: ThingWorx IoT, Kepware industrial connectivity, Vuforia AR, FactoryTalk MES, FactoryTalk Analytics, Industrial Automation platforms
- 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

- [reliableplant.com](https://www.reliableplant.com/Read/31219/ptc-rockwell-partnership), 2018-07-10: "We believe this strategic partnership will enable us to accelerate growth by building on both companies’ records of innovation to extend the value of the Connected Enterprise and deepen our customer relationships."

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