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

◂ Announcements

Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

Jan 31, 2022PARTNERSHIP

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

PTC and Rockwell Automation entered into a strategic partnership agreement. Rockwell Automation will make a $1 billion equity investment in PTC, and Rockwell Automation's chairman and CEO will join PTC's board.

Value

$1.00B

Status

Announced

Productsdigital technologyindustrial automation

CompaniesRockwell Automation partner PTC partner

Sectors#Automation and Robotics

“PTC and Rockwell Automation have entered into a definitive agreement for a strategic partnership that is intended to accelerate growth for both companies.”isa.org

1 source
isa.orgAutomation Update: July-Aug 2018 - ISAJan 31, 2022

Summarized from public sources; check the original articles before acting on it.

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