PTC and Rockwell Automation
Strategic partnership to drive innovation
PTC and Rockwell Automation have entered into a strategic partnership. This is designed to accelerate the growth of both companies and enable them to be the partner of choice for customers worldwide looking to transform their physical operations with digital technology.
As part of the partnership, Rockwell Automation will acquire a $1 billion equity stake in PTC and Blake Moret, Chairman and CEO of Rockwell Automation, will join PTC's Board of Directors upon completion of the equity transaction.
The partnership leverages the resources, technologies, industry expertise and market presence of both companies and includes technical collaboration between the organizations as well as joint global go-to-market initiatives. PTC and Rockwell have agreed to align their respective smart factory technologies and combine their platforms. This should enable customers to achieve increased productivity and plant efficiency, reduced operational risk and improved system interoperability.
Alliance to accelerate growth
"This strategic alliance between PTC, the leader in IoT and augmented reality, and Rockwell Automation, the leader in industrial automation and information solutions, will provide the industry with the most comprehensive integrated suite of best-in-class technologies. Our combined customer base will benefit from two outstanding companies that understand their business and offer comprehensive, innovative and integrated solutions," said Jim Heppelmann, President and CEO of PTC.
"With this strategic partnership, we believe we can accelerate our growth by building on the innovations of both companies to enhance the value of the connected enterprise and deepen our customer relationships," said Blake Moret, chairman and CEO of Rockwell Automation. am
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