# 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.

- Type: Partnership
- Announced: 2022-01-31
- Value: $1.00B
- Status: announced
- Products: digital technology, industrial automation
- 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

- [isa.org](https://www.isa.org/intech-home/2018/july-august/departments/automation-update), 2022-01-31: "PTC and Rockwell Automation have entered into a definitive agreement for a strategic partnership that is intended to accelerate growth for both companies."

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