ROCKWELL AUTOMATION, INC acquired MagneMotion Inc., a transaction completed in March 2016.
MagneMotion Inc. operates in Intelligent Devices. MagneMotion Inc. is a leading manufacturer of intelligent conveying systems. The acquisition continues Rockwell's strategy to build a portfolio of smart manufacturing technologies by expanding existing capabilities in independent cart technology.
Continues the strategy to build a portfolio of smart manufacturing technologies by expanding independent cart technology.
Intelligent Devices segment
Advisory firms were not disclosed for this transaction.