The partnership leverages both companies’ resources, technologies, industry expertise, and market presence, and will include technical collaboration across the organisations as well as joint global go-to-market initiatives.
SINGAPORE: PTC Inc. and Rockwell Automation, Inc. have announced that they have entered into a definitive agreement for a strategic partnership that is expected to accelerate growth for both companies and enable them to be the partner of choice for customers around the world who want to transform their physical operations with digital technology. As part of the partnership, Rockwell Automation will make a US$1 billion equity investment in PTC, and Rockwell Automation’s Chairman and CEO, Blake Moret, will join PTC’s board of directors effective with the closing of the equity transaction.
Moret commented: “We believe this strategic partnership will enable us to accelerate growth by building on both companies’ records of innovation to extend the value of the Connected Enterprise and deepen our customer relationships. As IT and OT converge, there is a natural alignment between our companies. Together, we will offer the most comprehensive and flexible IoT offering in the industrial space.”
The partnership leverages both companies’ resources, technologies, industry expertise, and market presence, and will include technical collaboration across the organisations as well as joint global go-to-market initiatives. In particular, PTC and Rockwell Automation have agreed to align their respective smart factory technologies and combine PTC’s award-winning ThingWorx IoT, Kepware industrial connectivity, and Vuforia augmented reality (AR) platforms with Rockwell Automation’s best-in-class FactoryTalk MES, FactoryTalk Analytics, and Industrial Automation platforms. The result will be an unmatched integrated information solution that will enable customers to achieve increased productivity, heightened plant efficiency, reduced operational risk, and better system interoperability.
“This strategic alliance will provide the industry with the broadest integrated suite of best-in-class technology. Our combined customer base will benefit from two world-class organisations that understand their business and deliver comprehensive, innovative, and integrated solutions,” said Jim Heppelmann, President and CEO, PTC.
Rockwell Automation Teched And PTC Liveworx
On June 11, Rockwell Automation and PTC will showcase their complementary technology and solutions at Rockwell Automation’s TechED, the industry’s premier training and education event to help improve machine performance, optimize plants, and empower a Connected Enterprise. To watch a livestream of the event, please visit the TechEd site.
On June 18, PTC and Rockwell Automation will again showcase their complementary technology and solutions at LiveWorx 2018, the digital transformation conference for the enterprise.