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PTC and Rockwell Automation expand their strategic alliance

PTC and Rockwell Automation signed a strategic alliance in 2018 to jointly sell their products for PLM, SaaS, factory automation, IoT, virtual machinery simulation, and testing software. At that time, the deal was sealed with a $1 billion equity investment in PTC shares and a seat on the board for Rockwell CEO Blake Moret. As a result of the deal, ...

Kathleen Maher

PTC and Rockwell Automation signed a strategic alliance in 2018 to jointly sell their products for PLM, SaaS, factory automation, IoT, virtual machinery simulation, and testing software. At that time, the deal was sealed with a $1 billion equity investment in PTC shares and a seat on the board for Rockwell CEO Blake Moret. As a result of the deal, the companies developed a joint offering called Factory Innovation Suite, which integrates IIoT, edge-to-cloud analytics, manufacturing execution systems, and augmented reality. PTC CEO Jim Heppelmann and Rockwell CEO Blake Moret announce their alliance at Rockwell Automation TechED. (Source: AutomationWorld)  
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