- Plex Systems' leading subscription-based smart manufacturing platform 
accelerates customers' digital transformation and improves visibility into 
end-to-end production systems with easy-to-deploy, cloud-native solutions -

-Rockwell to acquire Plex Systems for $2.22 billion in cash 
-Plex is the leading pure software-as-a-service, cloud-native smart 
manufacturing platform operating at scale 
-Plex provides leading applications in manufacturing execution, supply chain 
visibility, and quality management across discrete, hybrid, and process 
industry segments 
-Plex revenue growing double digits and acquisition is expected to be 
immediately accretive to Rockwell operating margins 
-Plex acquisition expected to accelerate Rockwell annual recurring revenue goal 
achievement by approximately two years


Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to 
industrial automation and digital transformation, and Plex Systems, the leading 
cloud-native smart manufacturing platform operating at scale, today announced 
that Rockwell has entered into an agreement to acquire Plex for $2.22 billion 
in cash.

Plex offers the only single-instance, multi-tenant SaaS manufacturing platform 
operating at scale, including advanced manufacturing execution systems, 
quality, and supply chain management capabilities. It has over 700 customers 
and manages more than 8 billion transactions per day. Plex's software 
capabilities will be further differentiated by Rockwell's global market access, 
complementary industry expertise, and ability to turn real-time data into 
actionable insights.

"This acquisition will accelerate our strategy to bring the Connected 
Enterprise to life, driving faster time to value for our customers as they 
increasingly adopt cloud solutions to improve resilience, agility, and 
sustainability in their operations," said Blake Moret, Chairman and CEO of 
Rockwell Automation. "Combining Plex's cutting-edge cloud technology with 
Rockwell's existing software portfolio and domain expertise will add customer 
value and create more ways to win. The acquisition will also accelerate our 
software revenue growth and strengthen our annual recurring revenue streams."

A growing dilemma for manufacturers is the urgent need to increase production 
and improve resilience, while driving efficiency and compliance. Companies are 
increasingly seeking to upgrade their production systems with modern, 
cloud-based manufacturing execution systems that are easy to implement, use, 
and maintain. Plex's platform helps customers to connect, automate, track, and 
analyze their operations and connected supply chains.

"Rockwell believes in the power of data and technology to transform 
manufacturing and industrial operations," said Brian Shepherd, senior vice 
president, Software and Control, for Rockwell Automation. "Together with the 
advanced asset maintenance and management capabilities provided by our recent 
Fiix acquisition, Rockwell will have a strong portfolio of cloud-native 
solutions for our customers' production systems upon completion of the Plex 
acquisition."

"Plex has always been more than a company," said Bill Berutti, CEO of Plex. "We 
have been a leader in the movement to smart manufacturing and a trusted partner 
to more than 700 manufacturing companies around the globe. Joining forces with 
Rockwell is great for our customers, our partners, and our employees as we move 
to expand our reach and impact and accelerate our mission to bring 
manufacturing to the cloud."

Plex will be reported as part of Rockwell's Software and Control operating 
segment which provides leading hardware and software offerings for the design, 
operation, and maintenance of production automation and management systems. As 
a part of the acquisition, Rockwell will welcome more than 500 highly engaged 
new employees.

The acquisition will be financed with a combination of cash and short-term and 
long-term debt. Subject to customary closing conditions and completion of 
regulatory review, the acquisition is expected to close in Rockwell's fiscal 
fourth quarter.

About Rockwell Automation

Rockwell Automation Inc. (NYSE: ROK) is a global leader in industrial 
automation and digital transformation. We connect the imaginations of people 
with the potential of technology to expand what is humanly possible, making the 
world more productive and more sustainable. Headquartered in Milwaukee, 
Wisconsin, Rockwell Automation employs approximately 24,000 problem solvers 
dedicated to our customers in more than 100 countries. To learn more about how 
we are bringing The Connected Enterprise to life across industrial enterprises, 
visit www.rockwellautomation.com.

About Plex Systems

Plex Systems(R) is the leader in cloud-delivered smart manufacturing solutions, 
empowering the world's manufacturers to make awesome products. Our platform 
gives manufacturers the ability to connect, automate, track, and analyze every 
aspect of their business to drive transformation. The Plex Smart Manufacturing 
Platform includes solutions for manufacturing execution (MES), ERP, quality, 
supply chain planning and management, Industrial IOT and analytics to connect 
people, systems, machines and supply chains, enabling them to lead with 
precision, efficiency and agility.

SOURCE  Rockwell Automation