Rockwell Buys Smart Manufacturing Software Platform

Rockwell Automation Inc., Milwaukee, has purchased Plex Systems, Troy, MI, a cloud-native smart manufacturing software platform, from Francisco Partners for $2.22 billion in cash. Plex’s software help manufacturers streamline and modernize their global operations by leveraging  shop-floor data to drive improved production performance and give them the ability to connect, automate, track and analyze every aspect of their business.

According to the press release, the company offers the only single-instance, multi-tenant SaaS manufacturing platform operating at scale, including advanced manufacturing execution systems, quality, and supply chain management capabilities. The platform gives manufacturers Plex has over 700 customers across 37 countries and manages more than 8 billion transactions per day.

The transaction is expected to close in Rockwell’s fiscal fourth quarter, subject to customary closing conditions and completion of regulatory review.