ROCKWELL AUTOMATION, INC acquired CUBIC, a transaction completed in October 2022, structured as all cash.
CUBIC operates in Intelligent Devices, is based in Bronderslev, Denmark. CUBIC specializes in modular systems for the construction of electrical panels, headquartered in Bronderslev, Denmark. Acquired together with Knowledge Lens under a combined FY2023 purchase price allocation totaling $186.2 million net of cash acquired.
Goodwill assigned to the Intelligent Devices segment; expands Rockwell's hardware portfolio for electrical panel construction.
Intelligent Devices segment
Advisory firms were not disclosed for this transaction.