Rockwell Automation (ROK)

[Investorman]

HRCT must have missed this acquisition....

Rockwell Automation to Acquire Xi'An Hengsheng Science & Technology Company Ltd, a Leading Process Solutions Integrator


Rockwell Automation, Inc. (NYSE: ROK) today announced it has reached an agreement to acquire substantially all of the assets and business of Xi'An Hengsheng Science & Technology Company Limited, a privately held engineering firm. Xi'An Hengsheng Science & Technology delivers automation solutions to the electrical power and other heavy process industries in China. Terms of the acquisition were not disclosed.

Located in Xi'An, China, Xi'An Hengsheng Science & Technology Company Limited serves customers in the power, petrochemical, coal mining, chemical and oil markets. The company conducts much of its business in the fast-growing regions of middle and western China with an installed base of approximately 300 customers.

“This acquisition is a vital step in continuing to provide world-class design and delivery service to our customers throughout China,” said Tom O’Reilly, Managing Director, Rockwell Automation, Greater China. “It is also another example of how Rockwell Automation is helping China save energy, reduce emissions, protect the environment and achieve a sustainable economy.” “Xi'An Hengsheng Science & Technology’s process solutions expertise and heavy industry knowledge strengthens Rockwell Automation’s ability to deliver complete systems in one of the fastest growing markets in the world,” said Terry Gebert, Vice President and General Manager, Rockwell Automation Systems & Solutions business. “Xi'An Hengsheng Science & Technology’s management team and its 85 employees will join our business, bringing a broad range of industrial automation application expertise and deep local market knowledge.” Xi'An Hengsheng Science & Technology Company co-Founder, Mr. Han Liqing, said: “The relationship with Rockwell Automation will strongly enhance our ability to deliver automation solutions and technology to heavy process industries throughout China. We have excellent long-term relationships with our customers and the western China business community. By combining our local knowledge with the global technical expertise, broad product portfolio, and financial strength of Rockwell Automation, we will increase our ability to serve customers.” “This strategic acquisition further strengthens our global project management and engineering solutions delivery capabilities following our other three recent acquisitions of ProsCon and ICS Triplex in Europe and Caribbean Integration Engineers in Latin America,” Gebert added.

The acquisition is expected to be completed during the first calendar quarter of 2009 subject to satisfaction of customary closing conditions.

Rockwell Automation, Inc. (NYSE: ROK), is a leading global provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage in their businesses. The company brings together leading global brands in industrial automation which include Allen-Bradley® controls and services and Rockwell Software® factory management software. Headquartered in Milwaukee, Wis., the company employs about 21,000 people serving customers in more than 80 countries.

Capabilities in China In China, Rockwell Automation has over 1,600 employees serving customers from 26 sales offices (including Hong Kong and Taiwan). Rockwell Automation China has established five training facilities, a software development center in Dalian, OEM application and development centers in Shenzhen and Shanghai, a research and development center and manufacturing facilities in Shanghai. The company provides industry with advanced technology products and solutions, technical support, and training, in collaboration with channel partners and universities.