- Rockwell Automation ROK has acquired AVATA, a services provider for supply chain management, enterprise resource planning, and enterprise performance management solutions. Deal terms were not disclosed.
- AVATA will be integrated into Kalypso, which is a part of Rockwell's Lifecycle Services business.
- Rockwell Automation expects AVATA, together with Kalypso, to help further unlock the value of information technology/operational technology (IT/OT) convergence.
- Kalypso and AVATA announced a formal partnership in March. The company expects the acquisition to further build upon synergies and expand its supply chain consulting services.
- Rockwell Automation held cash and cash equivalents of $913.8 million as of June 2021.
- Price Action: ROK shares traded lower by 0.23% at $318.67 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
