Rockwell Automation Inc.
) declared that it has agreed to acquire Jacobs Automation, a
major player in intelligent track motion control technology.
Financial terms of the agreement were not disclosed. The
acquisition is expected to close in Jan 2014.
Headquartered in Erlanger, Ky., Jacobs Automation develops
reliable and sustainable solutions for the automation industry.
The company is best known for its iTRAK technology. The
technology offers independent control of multiple magnetically
propelled movers on straight and curved paths.
The iTRAK technology is designed to enhance applications such as
packaging, materials handling and other related services. The
system helps machine and equipment builders reduce cost and
complexity by supplying more speed and flexibility. Moreover, it
enables better optimization, improved reliability and faster
system deployment. The technology will be exhibited at the
Automation Fair in Texas, beginning today.
Following the acquisition, Jacobs Automation will be integrated
into Rockwell Automation's Architecture & Software segment.
Rockwell will benefit from the combined strength of its
integrated architecture and the iTRAK technology. The technology
will also increase productivity and improve performance by
reducing energy consumption.
Rockwell, which belongs to the industrial automation industry
Adept Technology Inc.
HollySys Automation Technologies, Ltd.
), recently announced its intention to acquire vMonitor. vMonitor
is a leading technology provider for wireless solutions in the
oil and gas industry. The acquisition will strengthen Rockwell's
capacity to deliver end-to-end projects for the oil and gas
Rockwell reported total revenues of $1,715.7 million in the
fourth-quarter of fiscal 2013 (ended Sep 30, 2013), up 3% year
over year. The results surpassed the Zacks Consensus Estimate of
$1,695 million. Net sales from the Architecture & Software
segment also increased 6% year over year to $714.3 million,
contributing 42% to total sales.
Rockwell will gain from its expansion in the emerging markets and
new acquisitions. Strong balance sheet position and free cash
flow, dividends and share repurchases are also expected to
generate long-term shareholder value. However, uncertainty in the
global economic scenario remains headwinds.
Milwaukee, Wis.-based Rockwell is an original equipment
manufacturer of industrial automation equipment, application
specific integrated software and consulting design services. The
company is a leading global provider of industrial automation
power, control, and information solutions.
Rockwell currently holds a short-term Zacks Rank #2 (Buy).
ADEPT TECH INC (ADEP): Free Stock Analysis
HOLLYSYS AUTOMT (HOLI): Free Stock Analysis
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ROCKWELL AUTOMT (ROK): Free Stock Analysis
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