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Rockwell Automation Inc. is acquiring closely held ����̽̽ Systems for $2.22 billion in cash to boost its offering of cloud services to customers ranging from automakers to warehousing and logistics firms. The acquisition is expected to close in the quarter ending in September, Rockwell said Friday in a statement. The Milwaukee-based company will bring on 500+ employees from closely held ����̽̽.

Fitch Ratings has affirmed Rockwell Automation, Inc.'s Long-Term Issuer Default Rating and senior notes at 'A', and Short-Term IDR and Commercial Paper at 'F1'. The Rating Outlook is Stable. This action follows the company's announcement that it has agreed to acquire ����̽̽ Systems from Francisco Partners for $2.2 billion. The transaction is expected to close in Rockwell's fiscal fourth quarter.

Paul Hastings is guiding investment firm Francisco Partners in its $2.2 billion cash deal to sell manufacturing software maker ����̽̽ Systems to Rockwell Automation. Rockwell announced the deal on June 25th as the Milwaukee, Wisconsin-based industrial automation equipment maker looks to boost its revenue from cloud offerings.

Rockwell Automation Inc. agreed to buy industrial cloud software company ����̽̽ Systems for $2.2 billion. Rockwell has traditionally preferred to partner with companies to expand its software offerings, but the company signaled it may be thinking about more overt takeovers last year. ����̽̽ Systems is Rockwell's largest publicly announced takeover.

In a report released today, Noah Kaye from Oppenheimer assigned a Buy rating to Rockwell Automation, with a price target of $286.00. The company’s shares closed last Thursday at $285.51, close to its 52-week high of $289.52. Corporate insider sentiment is positive on the stock.

“����̽̽ has always been at the forefront of the smart manufacturing revolution having launched its first cloud-native products more than two decades ago,” said Petri Oksanen, Partner at Francisco Partners. “We are grateful to have had the opportunity to support the ����̽̽ team in accelerating their execution against this transformative vision and greatly scaling the business.”

Hexagon and ����̽̽ will partner in opportunities, initially in Europe and India, where Hexagon prospects and customers have MES needs. The combination of Hexagon and ����̽̽ for these manufacturers provides a fully digitalized solution from plant measurement and metrology to managing end-to-end production.

Hexagon and ����̽̽ Systems have announced a new, strategic partnership that will enable Hexagon’s Manufacturing Intelligence division to co-sell ����̽̽’s manufacturing execution system (MES) to Hexagon manufacturing customers.

����̽̽ launched its Quality Management System (QMS) as a standalone offering, helping manufacturers adhere to industry compliance, regulations, and standards such as FMEA, PPAP, SQF, and BRC to avoid costly product recalls.

Do manufacturers need to make better products or have a process to document their methods? The answer is both and cloud ERP vendor ����̽̽ wants to help those manufacturers without a quality management system (QMS) get moving.