My tweets and retweets from Rockwell Automation’s Automation Perspectives on Tuesday: Tue, 08:13: Rockwell Automation’s President and CEO Blake Moret welcomes Automation Perspectives to Houston #houstonstrong… https://t.co/0zafvi1YQx Tue, 08:15: $6.3 Billion in FY2017 Sales and a shareholder value curve outperforming the Dow... https://t.co/mdV3o60ASC Tue, 08:16: #AF2017 If … [Read more...] about Rockwell's Automation Perspectives Aptly Named
Mergers and Acquisitions
ABB appears to be signalling that electrification is more important to them than anything else, including manufacturing and process automation. And GE is divesting itself of one of its historical core competencies and businesses. Read the press release: ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial … [Read more...] about ABB Doubles Down on Electric Business-Buys GE Industrial Solutions
After failing twice to consummate the deal, Schneider Electric announced on September 5 that they had done the deal-- again. Britain's Aveva Group said on Tuesday it had agreed to combine with Schneider Electric's software business to create a London-listed leader in industrial software worth more than 3 billion pounds ($3.88 billion). France's Schneider will take a 60 percent … [Read more...] about Third time may be the charm! Schneider does the Aveva deal– Again!
After a year of being CEO, the Rockwell Automation Board has finally named Blake Moret to the post of Chairman. He, of course, succeeds Keith Nosbusch in that role, as he succeeded Nosbusch as President and CEO. Rockwell will continue to have an independent "lead director," Donald R. Parfet, who said: “Since Blake became CEO and joined the board in July 2016, he has … [Read more...] about Blake Moret Finally Gets the Cherry
Honeywell, which has always had an extremely proactive industrial control cyber security posture, has announced that it has signed a definitive agreement to purchase Nextnine, a privately held provider of security management solutions and technologies for industrial cyber security. The addition of Nextnine's industry-leading security solutions and secure remote service … [Read more...] about Honeywell Amps Up Cyber