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Rockwell Automation and Plex Systems, a leading cloud-native smart manufacturing platform operating at scale, 
announced that Rockwell Automation has entered into an agreement to acquire Plex for $2.22 billion in cash.
Plex offers a single-instance, multi-tenant SaaS manufacturing platform operating at scale, including advanced manufacturing execution systems, quality, and supply chain management capabilities. It has over 700 customers and manages more than 8 billion transactions per day. Plex’s software capabilities will be further differentiated by Rockwell Automation’s global market access, complementary industry expertise, and ability to turn real-time data into actionable insights.
A growing dilemma for manufacturers is the urgent need to increase production and improve resilience, while driving efficiency and compliance. Plex’s platform helps its customers to connect, automate, track, and analyze their operations and connected supply chains.
Plex will be reported as part of Rockwell Automation’s Software and Control operating segment, which provides hardware and software offerings for the design, operation, and maintenance of production automation and management systems. As a part of the acquisition, Rockwell Automation will add more than 500 new employees.
The acquisition will be financed with a combination of cash and short-term and long-term debt. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to close in Rockwell Automation’s fiscal fourth quarter.
Craig Resnick, ARC Advisory Group, commented, “A post-pandemic world requires manufacturers and processors to rapidly accelerate their Digital Transformation journey in order to retain a competitive advantage. Adding Plex to the Rockwell Automation portfolio of solutions and services strengthens its SaaS and a cloud-native smart manufacturing platform in manufacturing execution, supply chain visibility, and quality management across all of Rockwell Automation’s key industry segments, providing its customers with the tools to make further progress with their Digital Transformation initiatives to not only grow but to also increase their operational resilience in today’s new normal.”