Description
Rockwell Automation is an American provider of industrial automation and information technology. Brands include Allen-Bradley and Factory Talk software.
Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs over 23,000 people and has customers in more than 100 countries worldwide. The Fortune 500 company reported fiscal year 2019 global sales at $6.69 billion.
History
21st century
In 2001, Rockwell International split into two companies. The industrial automation division became Rockwell Automation, while the avionics division became Rockwell Collins.[10] The split was structured so that Rockwell Automation was the legal successor of Rockwell International, while Rockwell Collins was the spin-off. Rockwell Automation retains Rockwell International's stock price history, and continues to trade on the New York Stock Exchange under the symbol "ROK".
Keith Nosbusch was named chief executive officer in 2004.
In 2007, Rockwell Automation sold the Power Systems division for $1.8 billion to Baldor Electric Company to focus on its core competencies in automation and information technology.
In 2007, Rockwell Automation acquired ICS Triplex.
In April 2016, it was announced that Keith Nosbusch would be replaced by Blake Moret, effective July 1, 2016. Nosbusch would remain with Rockwell Automation as chairman. Moret was previously the senior vice president of the Control Products and Solutions segment of the company.
Effective January 1, 2018, Keith Nosbusch will step down as Chairman. Blake Moret was elected the incoming Chairman by the board of directors.
On June 11, 2018, Rockwell Automation made a $1bn equity investment in PTC acquiring an 8.4% ownership stake.
In December 2019, the launch of the Digital Partner Program was announced to guide and simplify industry digital transformation.
On January 8, 2020, Rockwell Automation announced the acquisition of Israeli-based cybersecurity provider Avnet Data Security, LTD.
On May 4, 2020, Rockwell Automation announced the acquisition of Kalypso L.P., a professional services firm focused on IT and OT systems implementation and management consulting.
