Rockwell Automation Inc,. a Fortune 500 firm that makes technology for industrial companies such as manufacturers, is acquiring software provider Plex Systems Inc. in a $2.2 billion all-cash transaction.
The deal will be financed with a combination of cash on hand and debt, Rockwell Automation disclosed in the acquisition announcement today. Plex Systems is currently owned by private equity firm Francisco Partners.
Milwaukee-based Rockwell Automation sells a variety of industrial hardware products including sensors, motors and specialized computers for managing the equipment in production lines. The company also offers software that helps manufacturers coordinate day-to-day production operations. It posted revenue