Milwaukee, United States:
Rockwell Automation, Inc. (NYSE: ROK), the world’s largest firm devoted to industrial automation and digital transformation, at present introduced that it has signed a definitive settlement to purchase CUBIC, an organization that makes a speciality of modular methods for the development {of electrical} panels. CUBIC, based in 1973, serves fast-growing industries, resembling renewable vitality, knowledge facilities, and infrastructure, and is headquartered in Bronderslev, Denmark.
CUBIC’s environment friendly and versatile modular methods mixed with Rockwell’s clever gadgets and business experience will profit clients by providing quicker time to market, enabling broader plant-wide purposes for clever motor management, and producing sensible knowledge to enhance sustainability and productiveness.
CUBIC’s established companion mannequin will permit Rockwell to construct an expanded Partner Network for clever motor management choices in Asia, Europe, and Latin America. The firm will convey new clients and companions in hybrid and course of industries. Additionally, CUBIC will broaden Rockwell’s market entry in renewable vitality and knowledge heart options.
“CUBIC’s innovative motor control solutions strengthen our portfolio of leading intelligent motor control technologies,” mentioned Bob Buttermore, vice chairman and common supervisor of Rockwell’s Power Control Business. “We are pleased to welcome a talented team with specialized expertise in structural design, power systems, and global standards.”
“Joining Rockwell will enable us to expand our relationships and accelerate our global growth,” mentioned Jacob Moller Knudsen, CEO of CUBIC. “This is a perfect match that will allow us to offer our customers the best solutions going forward.”
At shut, CUBIC will report to Rockwell’s Power Control Business within the Intelligent Devices working section.
CUBIC is anticipated to report greater than $75 million in gross sales in fiscal 12 months 2022, which ended Sept. 30. The transaction is topic to customary regulatory approval and is anticipated to shut by the tip of 2022.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a worldwide chief in industrial automation and digital transformation. We join the imaginations of individuals with the potential of expertise to increase what’s humanly doable, making the world extra productive and extra sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs roughly 25,000 drawback solvers devoted to our clients in additional than 100 international locations. To be taught extra about how we’re bringing the Connected Enterprise to life throughout industrial enterprises, go to www.rockwellautomation.com.
About CUBIC
CUBIC was based in 1973 based mostly on a singular thought of a modular system for the development {of electrical} panels. This thought has for the reason that early begin developed CUBIC into a worldwide and acknowledged companion inside electromechanics and with a product vary that includes any kind of enclosure. CUBIC’s options are utilized in business, in mining and in airports.
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