Rockwell Automation Completes the Acquisition of Fiix Inc., Cloud Software Company for Leading Edge Maintenance Solutions

Rhea-AI Summary

Rockwell Automation (NYSE: ROK) has successfully acquired Fiix Inc., a Toronto-based AI-enabled CMMS company. This acquisition enhances Rockwell's software strategy and Lifecycle Services business by integrating Fiix’s cloud-native software, which optimizes equipment maintenance and drives data-driven decisions. The acquisition reflects Rockwell's commitment to sustainability by improving operational efficiency and reducing waste. Fiix will be included in Rockwell's Software & Control segment, further reinforcing its position in industrial automation.

Positive

• Enhances Rockwell's software strategy and Lifecycle Services.
• Integrates AI-enabled maintenance solutions to optimize operations.
• Supports sustainability efforts by reducing waste and energy use.

Negative

• None.

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, has completed the acquisition of Fiix Inc., an AI-enabled computerized maintenance management system (CMMS) company based in Toronto, Ontario, Canada.

Fiix’s cloud-native software helps companies to schedule, organize and track equipment maintenance. It connects seamlessly to business systems and drives data-driven decisions. The addition of Fiix advances Rockwell Automation’s software strategy and enhances capabilities in the company’s Lifecycle Services business, which provides a full range of industrial automation services to help customers maximize the value of their production assets, systems, plants, and processes. Additionally, it underscores Rockwell Automation’s focus on helping customers be more sustainable. Through a CMMS, businesses can operate more efficiently by reducing waste and energy use.

Fiix will be reported as part of Rockwell Automation’s Software & Control operating segment.

Rockwell announced its intent to acquire Fiix in November 2020 and the transaction closed in December 2020. Terms of the transaction were not disclosed.

About Rockwell Automation

Rockwell Automation Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005062/en/

FAQ

What is the purpose of Rockwell Automation's acquisition of Fiix Inc.?

The acquisition aims to enhance Rockwell's software strategy and improve its Lifecycle Services business by integrating Fiix's AI-enabled maintenance solutions.

When was the acquisition of Fiix Inc. completed by Rockwell Automation?

The acquisition was completed in December 2020.

How does Fiix Inc. contribute to Rockwell Automation's business?

Fiix provides cloud-native software that improves equipment maintenance, enabling data-driven decisions and operational efficiency.

What segment will Fiix be reported under in Rockwell Automation?

Fiix will be reported as part of Rockwell Automation's Software & Control operating segment.

What are the expected benefits of the Fiix acquisition for Rockwell Automation's customers?

The acquisition is expected to help customers maximize the value of their production assets and enhance sustainability through improved operational efficiency.