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Rockwell Automation, Inc. (NYSE: ROK) is a leading American provider of industrial automation solutions, dedicated to enhancing productivity and sustainability. The company's renowned brands include Allen-Bradley, FactoryTalk software, and LifecycleIQ Services. As a pure-play automation competitor, Rockwell Automation develops hardware and software products alongside comprehensive services aimed at optimizing industrial operations.
Tracing its roots back to Rockwell International, Rockwell Automation emerged as an independent entity following the spin-off of Rockwell Collins in 2001. The company operates through three primary segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment encompasses drives, sensors, and industrial components, while the Software and Control segment focuses on information, network, and security software. The Lifecycle Services segment offers consulting, maintenance services, and includes Rockwell's joint venture with SLB, Sensia.
Rockwell Automation has been at the forefront of industrial advancements for over 120 years, driving efficiency and innovation across various sectors. The company's holistic strategy emphasizes sustainability, underscoring its commitment to environmental stewardship and resource optimization. Recent notable achievements include an agreement with 1PointFive to purchase carbon dioxide removal (CDR) credits from a Direct Air Capture (DAC) facility in Texas, reflecting Rockwell Automation's goal of achieving net-zero carbon neutrality by 2030.
In collaboration with 1PointFive, Rockwell Automation supports technologies that advance sustainability objectives by providing practical, transparent, and durable carbon removal solutions. This partnership is a testament to Rockwell's dedication to connecting technology with human potential to build a more connected, productive, and sustainable world.
Additionally, Rockwell Automation has partnered with ISAP India Foundation to modernize dairy farming in the water-scarce region of Antargaon, Maharashtra. This corporate social responsibility (CSR) project leverages innovative technologies and digital solutions to enhance livestock development, resulting in increased milk production and improved livelihoods for local farmers.
Rockwell Automation continues to set industry standards through its cutting-edge solutions and unwavering focus on sustainability and social impact, making it a pivotal player in the global industrial automation landscape.
The Board of Directors of Rockwell Automation (NYSE: ROK) declared a quarterly dividend of
Rockwell Automation (NYSE: ROK) has entered a five-year strategic agreement with The Pyure Company to enhance indoor air quality solutions and combat COVID-19. Pyure specializes in UV-based air purifiers, effectively eliminating over 99% of common indoor pathogens, including the COVID-19 virus. The collaboration integrates IIoT and FactoryTalk InnovationSuite from Rockwell, enabling real-time monitoring and management of air quality systems. This partnership aims to help customers optimize their indoor environments by comparing air conditions and ensuring compliance with health standards.
Rockwell Automation (NYSE: ROK) has appointed Veena Lakkundi as Senior Vice President, Corporate Strategy and Development, effective November 1. Lakkundi previously held significant roles at 3M, including Senior VP and Chief Strategy Officer. Her expertise will enhance Rockwell's strategic planning and drive development activities. She succeeds Elik Fooks, who is retiring after a successful career at Rockwell. CEO Blake Moret acknowledged Lakkundi's capabilities in building teams and delivering value, signaling a commitment to advancing Rockwell's leadership in industrial automation and digital transformation.
Rockwell Automation (NYSE: ROK) plans to announce its fourth quarter fiscal 2021 results on November 2, before market opening. The results will be available on the company's Investor Relations website. An 8:30 a.m. EDT conference call will follow to discuss the results, accessible via phone and web. Presentation materials and a replay will be available until December 3. Rockwell Automation, a leader in industrial automation, employs approximately 24,000 people across 100 countries.
Rockwell Automation (NYSE: ROK) will host its annual investor meeting on November 10, coinciding with the 30th annual Automation Fair at the George R. Brown Convention Center in Houston, Texas. The public webcast starts at approximately 1 p.m. CST featuring presentations from Blake Moret, Chairman and CEO, among other leaders. Investors can access the webcast through the Rockwell Automation Investor Relations website.
Rockwell Automation (NYSE: ROK) and Ansys (NASDAQ: ANSS) have announced an enhanced connection between Rockwell's Studio 5000 Simulation Interface and Ansys's digital twin software, Twin Builder. This integration enables engineers to utilize simulation for designing and optimizing industrial operations. Key benefits include creating virtual equipment designs, virtually commissioning systems, and testing process changes in a simulated environment. This partnership aims to improve efficiency and reduce costs in the industrial automation sector, providing significant insights throughout the equipment lifecycle.
Rockwell Automation (NYSE: ROK) Chairman and CEO Blake Moret is scheduled to present at the Morgan Stanley Virtual 9th Annual Laguna Conference on Monday, September 13, 2021. The fireside chat will begin at approximately 9:30 a.m. Central Time and will be accessible via the Rockwell Automation Investor Relations website. Rockwell Automation, headquartered in Milwaukee, Wisconsin, is a leader in industrial automation and employs around 24,000 individuals globally, dedicated to enhancing productivity and sustainability.
Rockwell Automation (NYSE: ROK) has completed its acquisition of Plex Systems, enhancing its cloud-native smart manufacturing offerings. Plex's platform, serving over 700 customers and managing 8 billion transactions daily, will integrate with Rockwell’s existing software solutions, including FactoryTalk. The acquisition aims to better support industrial clients transitioning to cloud solutions, bolstering Rockwell’s position in the market. Both companies emphasize the strategic importance of this merger for optimizing customer operations and facilitating smart manufacturing.
Rockwell Automation (NYSE: ROK) announced the pricing of $1.5 billion in notes on August 3, 2021, as part of a public offering. The issuance includes three series: $600 million maturing in 2023 at 0.350% interest, $450 million maturing in 2031 at 1.750%, and $450 million maturing in 2061 at 2.800%. The offering is expected to close on August 17, 2021, subject to customary conditions. The net proceeds will partially fund the acquisition of Plex Systems. Major underwriters include BofA Securities and Goldman Sachs.
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