# Rockwell Automation invests $1 billion in PTC and forms strategic partnership

Rockwell Automation will invest $1 billion in PTC stock as part of a strategic partnership to combine their smart factory technologies. Rockwell's CEO will join PTC's board.

- Type: Partnership
- Announced: 2018-07-06
- Value: $1.00B
- Status: announced
- Products: IoT platform, augmented reality, industrial automation software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [aktuellproduktion.se](https://www.aktuellproduktion.se/rockwell-automation-investerar-1-miljard-i-ptc-aktier/), 2018-08-03: "Rockwell Automation investerar $ 1 miljard i PTC-aktier som en del i samarbetet och Rockwell Automations styrelseordförande och vd Blake Moret tar plats i PTC:s styrelse när aktieaffären är i hamn."

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