Rockwell Automation (ROK) Announces Acquisition of Systems Integrator MAVERICK Technologies
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall St. slips on earnings; Apple results due
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- Panera Bread (PNRA) Tops Q3 EPS by 3c; Raises Outlook
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
Rockwell Automation, Inc. (NYSE: ROK) has acquired leading systems integrator MAVERICK Technologies to expand domain knowledge and help deliver innovative control and information solutions to customers in industries such as chemical, food and beverage, and oil and gas. The acquisition significantly strengthens Rockwell Automation’s expertise in key process and batch applications to help its customers realize greater productivity and improved global competitiveness through process control and information management solutions.
“Industrial control and information solutions are most effective when they result from close collaboration between a knowledgeable supplier and the user,” said Ken Champa, Rockwell Automation senior vice president of Control Products and Solutions. “The combination of our global industrial automation leadership with MAVERICK’s platform-independent domain expertise will help our customers reduce complexity and realize unprecedented productivity.”
The acquisition supports the Rockwell Automation growth strategy to help customers increase global competitiveness by adopting The Connected Enterprise – a vision that connects information across the plant floor with the entire enterprise to drive new business value. This is particularly important to process customers whose uptime and continuous performance are critical.
“We will continue to deliver our domain expertise, now with the power of a Fortune 500 industrial automation leader at our side,” said Paul Galeski, MAVERICK founder and CEO. “This creates the best combination available to help uncover the benefits of information that drives performance in process industries.”
MAVERICK is located in Columbia, IL with 21 locations in the U.S. and over 300 engineers and technical salespeople. In July 2016, it was recognized by The Silicon Review magazine as one of the “2016 50 Best Companies to Watch.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Schneider Electric Denies Rumours on a Possible Offer on Rockwell Automation (ROK)
- Carlisle Cos. (CSL) Tops Q3 EPS by 5c
- Diplomat Pharmacy (DPLO) CFO Sean Whelan to Step Down; Paul Urick Promoted to President
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Mergers and Acquisitions
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!