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Friday, 06/25/2021 9:18:37 AM

Friday, June 25, 2021 9:18:37 AM

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Red Hot ROK to buy Plex Systems for $2.22 billion

"(Reuters) - Rockwell Automation said on Friday it would buy business software maker Plex Systems for $2.22 billion in cash, as the U.S. industrial automation equipment maker looks to boost its revenue from cloud offerings.

An increasing number of organizations have been automating their operations during the COVID-19 pandemic and managing their manufacturing, supply chain and finances remotely.

Plex's platform helps customers to connect, automate, track and analyze their operations and supply chains, Rockwell said."

https://finance.yahoo.com/news/rockwell-automation-buy-plex-systems-110514399.html

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