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The world’s largest company dedicated to industrial automation and information, Rockwell Automation, Inc. (ROK - Free Report) recently acquired Alpharetta, GA-based Automation Control Products (“ACP”). It will be integrated into Rockwell’s Architecture and Software division and expand its offerings in The Connected Enterprise. It is the company’s endeavor to connect information from the plant floor to the rest of the enterprise. Rockwell Automation’s share price gained 1.97% on the announcement.
Reasons to Acquire ACP
ACP is a leader in its own right in the automation industry. It provides full-featured industrial thin client management and location-based mobility software. Operating with less than 30 employees, its solutions are used by more than 1,000 customers across 3,000 locations globally across 30 countries. ACP boasts a customer base of nearly 30 of the top 100 global manufacturers.
ACP’s two core products, ThinManager and Relevance, provide manufacturing and industrial leaders with visual display and software solutions. ThinManager centralizes the management and visualization of content to every aspect of a modern manufacturing operation, from the control room to the end user. It streamlines workflows and allows customers to cut down hardware operation and maintenance costs.
Relevance extends the ThinManager functionality through proprietary location-based technology, enabling users secure mobile access to content and applications from anywhere. Collectively, they help manage information and streamline workflows for a more connected manufacturing environment.
This acquisition is in sync with Rockwell Automation’s growth strategy to help customers increase global competitiveness through The Connected Enterprise – a vision that connects information across the plant floor to the rest of the enterprise. It is accelerated by the Industrial Internet of Things and advances in technologies, such as data analytics, remote monitoring, and mobility.
Customers depend on Rockwell Automation’s technological innovation and domain expertise to enhance and develop their manufacturing quality and reliability while improving productivity. With the addition of ACP’s industry-leading products the company will now provide new capabilities for workers by making the manufacturing environment more digital and connected.
ACP is thus a perfect fit for Rockwell Automation’s industrial automation offerings that aim to increase reliability, productivity and security as well as lower energy and maintenance costs. The combination will aid in implementing sustainable technology for leading global manufacturers and help meet their needs better.
Rockwell Automation remains confident about its long-term growth through investments in innovation, domain expertise and commercial resources. In mixed-market conditions, it anticipates consistent improvement in product sales.
Milwaukee-based Rockwell Automation is a leading global provider of industrial automation equipment, application-specific integrated software and consulting design services. It also offers industrial automation power, control and information solutions.
Currently, Rockwell Automation carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the sector include HollySys Automation Technologies, Ltd. (HOLI - Free Report) , Johnson Controls International plc (JCI - Free Report) and Alarm.Com Holdings, Inc. (ALRM - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Rockwell Automation Buys ACP, Expands Product Offerings
The world’s largest company dedicated to industrial automation and information, Rockwell Automation, Inc. (ROK - Free Report) recently acquired Alpharetta, GA-based Automation Control Products (“ACP”). It will be integrated into Rockwell’s Architecture and Software division and expand its offerings in The Connected Enterprise. It is the company’s endeavor to connect information from the plant floor to the rest of the enterprise. Rockwell Automation’s share price gained 1.97% on the announcement.
Reasons to Acquire ACP
ACP is a leader in its own right in the automation industry. It provides full-featured industrial thin client management and location-based mobility software. Operating with less than 30 employees, its solutions are used by more than 1,000 customers across 3,000 locations globally across 30 countries. ACP boasts a customer base of nearly 30 of the top 100 global manufacturers.
ACP’s two core products, ThinManager and Relevance, provide manufacturing and industrial leaders with visual display and software solutions. ThinManager centralizes the management and visualization of content to every aspect of a modern manufacturing operation, from the control room to the end user. It streamlines workflows and allows customers to cut down hardware operation and maintenance costs.
Relevance extends the ThinManager functionality through proprietary location-based technology, enabling users secure mobile access to content and applications from anywhere. Collectively, they help manage information and streamline workflows for a more connected manufacturing environment.
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Benefits to Rockwell Automation
This acquisition is in sync with Rockwell Automation’s growth strategy to help customers increase global competitiveness through The Connected Enterprise – a vision that connects information across the plant floor to the rest of the enterprise. It is accelerated by the Industrial Internet of Things and advances in technologies, such as data analytics, remote monitoring, and mobility.
Customers depend on Rockwell Automation’s technological innovation and domain expertise to enhance and develop their manufacturing quality and reliability while improving productivity. With the addition of ACP’s industry-leading products the company will now provide new capabilities for workers by making the manufacturing environment more digital and connected.
ACP is thus a perfect fit for Rockwell Automation’s industrial automation offerings that aim to increase reliability, productivity and security as well as lower energy and maintenance costs. The combination will aid in implementing sustainable technology for leading global manufacturers and help meet their needs better.
Rockwell Automation remains confident about its long-term growth through investments in innovation, domain expertise and commercial resources. In mixed-market conditions, it anticipates consistent improvement in product sales.
Milwaukee-based Rockwell Automation is a leading global provider of industrial automation equipment, application-specific integrated software and consulting design services. It also offers industrial automation power, control and information solutions.
Currently, Rockwell Automation carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the sector include HollySys Automation Technologies, Ltd. (HOLI - Free Report) , Johnson Controls International plc (JCI - Free Report) and Alarm.Com Holdings, Inc. (ALRM - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>