Provider of industrial automation power, control and information solutions, Rockwell Automation, Inc. (ROK - Analyst Report) has acquired leading systems integrator MAVERICK Technologies in order to enhance its domain knowledge.
Founded in 1999, MAVERICK is the largest independent systems integrator in North America. It is also a global leader of industrial automation, enterprise integration and strategic manufacturing solutions for clients across a wide range of manufacturing and process industries.
Located in Columbia, IL, MAVERICK operates in 21 locations in the U.S. and employs over 300 engineers and technical sales people. The acquisition sits well with Rockwell Automation’s growth strategy to enable customers boost their competitive edge by adopting The Connected Enterprise – a vision that connects information across the plant floor with the entire enterprise to drive new business value.
Benefits for Rockwell Automation
The acquisition significantly strengthens Rockwell Automation’s expertise in key process and batch applications. The transaction is a perfect fit for Rockwell also because customers in industries such as chemical, food and beverage, and oil and gas sectors will be able to realize greater productivity and improved competitiveness through process control and information management solutions.
Moreover, the combination of Rockwell Automation’s global industrial automation leadership with MAVERICK’s platform-independent domain expertise will help customers reduce complexity and realize unprecedented productivity.
Last month, Rockwell Automation had acquired Alpharetta, GA-based Automation Control Products in order to expand its offerings in The Connected Enterprise. It will be integrated into Rockwell’s Architecture and Software division, and will aid the implementation of sustainable technology for leading global manufacturers and better satisfy their needs.
Rockwell Automation thus remains confident about its long-term growth through investments in innovation, domain expertise and commercial resources. Amid the present mixed-market conditions, the company anticipates consistent improvement in product sales.
Zacks Rank & Key Picks
Rockwell Automation currently has a Zacks Rank #4 (Sell). Some better-ranked stocks in the sector include Berry Plastics Group, Inc. (BERY - Snapshot Report) , AO Smith Corp. (AOS - Analyst Report) and Avery Dennison Corporation (AVY - Analyst Report) .
Berry Plastics has witnessed solid estimate revisions of 11.5% over the past 60 days. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AO Smith, which carries a Zacks Rank #2 (Buy), has seen upward estimate revisions of around 1% over the past 30 days.
Avery Dennison, another Zacks Rank #2 stock, has seen upward estimate revisions of 1% over the last 90 days.
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