ROCKWELL AUTOMATION, INC acquired Plex Systems for approximately $2.22 billion ($2,205.5 million net of cash acquired), a transaction completed in August 2021, structured as all cash.
Plex Systems operates in Software & Control. Plex Systems Holdings provides a cloud-native smart manufacturing platform - a single-instance, multi-tenant Software-as-a-Service platform operating at scale, including advanced manufacturing execution systems (MES), quality management, and supply chain management capabilities. Rockwell acquired Plex from Francisco Partners via an Agreement and Plan of Merger.
The acquisition reflected the strategic fit and resulting synergies from a complementary portfolio of leading software-as-a-service applications, industry expertise, and market access; goodwill of $1,725.3 million reflects the future earnings and cash flow potential of the business.
Single-instance, multi-tenant SaaS platform operating at scale, extending Rockwell into cloud-native smart manufacturing software. Complementary portfolio of leading SaaS applications, industry expertise, and market access. Software & Control segment
Advisory firms were not disclosed for this transaction.