The story of acquisition with Allen Bradley:
In 1903, Lynde Bradley and Stanton Allen invested $ 1,000 and founded what was initially known as Compression Rheostat Company. The company was later renamed to Allen-Bradley Company in 1910 until eventually it was purchased for $ 1.651 billion by Rockwell International in 1958. At the time, this was the largest acquisition in the history of Wisconsin. In 2001, Rockwell was spun off from Rockwell International, the name by which they are known today.
Through the first decade of the 21st century, Rockwell Automation underwent a useful of acquisitions:
- Propack Data (now Rockwell Automation Solutions GmbH) – 2002
- DataSweep – 2005
- GEPA – 2006
- ICS Triplex
- ProsCon – 2007
- Pavilion Technologies – 2007
- Lektronix Ltd – 2001
The company at present:
Rockwell, headquartered in Milwaukee, Wisconsin, is now a publicly-traded company on the New York Stock Exchange with over $ 6 billion in reported revenue, including $ 697.8 million in net income. The company employs over 21,000 with operations than span more than 80 countries. On the list of Fortune 500 companies, it ranks as 411th. In general, This is one of the largest industrial automation companies globally.
Know about Allen-Bradley:
Allen-Bradley is one of the brands of Rockwell, with the others being Rockwell Software, Reliance Electric Drives, Pavilion Technologies, ICS Triplex, HIPROM, and Anorad. The Allen-Bradley brand name of factory automation equipment includes:
- Programmable logic controllers (PLC)
- Human-machine interfaces
- Safety components and systems
- Drives and drive systems
- Motor control centers
Rockwell Automation – Growing incessantly at an impressive speed:
Recently, it has made news on several occasions. The CEO of Rockwell Automation, Keith Nosbusch, sold 96,661 shares of company stock on the open market as of November 11th, 2013; in a transaction that was valued at $ 10,882,095.38 (each share was valued at $ 112.58). The CEO still owns 550,293 shares of company stock that are valued at $ 61,951,986. The following information was disclosed to the Securities & Exchange Commission. As another indication of the company's continued growth, it has been reported to be assembling a $ 16 billion deal, providing that demand for assembly-line components could result in the 2nd largest US industrial acquisition of all time. The company name has repeatedly come up in takeover speculations due to the profit from parts and technologies used in factories that produce everything from cars to packaged foods. It has been rumored that industrial conglomerates Emerson Electric Co. and Honeywell International Inc. may become interested. In addition, private-equity firms could also be drawn by Rockwell's low debt and free cash flow yield. Among manufacturing equipment providers, it ranks above the top 92%, according to Bloomberg. It is perhaps also interesting to note that the company has been named one of the World's Most Ethical Companies for the 4th straight year.
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Source by Joe Faruqui