Rockwell Automation splurges $1B on PTC equity as part of new partnership

Published 11 June 2018

Posted by Stephen Holmes

Article tagged with: iot, ptc, tech, ar, rockwell automation, vuforia

Rockwell Automation and PTC have partnered, with Rockwell purchasing equity in PTC to the tune of over 8 per cent of the company’s worth

PTC and Rockwell Automation have announced an agreement for a strategic partnership that is expected to accelerate growth for both companies and transform their customer’s physical operations with digital technology.

As part of the partnership, industrial automation giant Rockwell Automation will make a $1 billion equity investment in PTC, and Rockwell Automation’s chairman and CEO, Blake Moret, will join PTC’s board of directors with the closing of the equity transaction.

The partnership will leverage both companies’ resources, technologies, industry expertise, and market presence - allowing for some exciting technical collaborations.

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