Rockwell Automation announced that it has signed a definitive agreement to acquire CUBIC, a company that specializes in modular systems for the construction of electrical panels. CUBIC, founded in 1973, serves industries such as renewable energy, data centers, and infrastructure, and is headquartered in Bronderslev, Denmark.
CUBIC’s modular systems, combined with Rockwell Automation’s intelligent devices and industry expertise, will help benefit customers by offering faster time to market, enabling broader plant-wide applications for intelligent motor control, and generating smart data that can help to increase sustainability and productivity.
CUBIC’s established partner model will help Rockwell Automation to build an expanded Partner Network for intelligent motor control offerings in Asia, Europe, and Latin America, as well as bring new customers and partners in the hybrid and process industries. Additionally, CUBIC will help to broaden Rockwell Automation’s market access in renewable energy and data center solutions.
After the acquisition is completed, CUBIC will report to Rockwell Automation’s Power Control Business in the Intelligent Devices operating segment.
CUBIC is expected to report more than $75 million in sales in fiscal year 2022, which ended Sept. 30. The transaction is subject to customary regulatory approval and is expected to close by the end of 2022.