ROCKWELL AUTOMATION, INC acquired Verve Industrial Protection, a transaction completed in November 2023, structured as all cash.
Verve Industrial Protection operates in Lifecycle Services. Verve Industrial Protection is a cybersecurity software and services company that focuses specifically on industrial (OT) environments. Goodwill of $133.5 million and $47.2 million of intangible assets were recorded on the acquisition.
Expands Rockwell's industrial cybersecurity portfolio for operational-technology environments.
Lifecycle Services segment
Advisory firms were not disclosed for this transaction.