# PTC and Rockwell Automation form strategic partnership with $1B investment

PTC and Rockwell Automation announced a strategic agreement to align their smart factory technologies, including PTC's ThingWorx and Vuforia platforms with Rockwell Automation's FactoryTalk MES. Rockwell Automation will make a $1 billion equity investment in PTC.

- Type: Partnership
- Announced: 2018-11-08
- Value: $1.00B
- Status: announced
- Products: IoT and AR applications, industrial automation and information
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [meccanica-plus.it](https://meccanica-plus.it/en/agreement-ptc-and-rockwell-automation_104330/), 2018-11-08: "The partnership leverages both companies’ resources, technologies, industry presence and market presence in respective fields of activities."

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