DIGITAL SHIFT PARTNERSHIP FOR TRANSFORMATION WORK

Corporate June 29, 2018 01:00

By The Nation

PTC Inc and Rockwell Automation Inc announced that they had entered into a definitive agreement for a strategic partnership that is expected to accelerate growth for both companies and enable them to be the partner of choice for customers around the world who want to transform their physical operations with digital technology.



As part of the partnership, Rockwell Automation will make a $1 billion equity investment in PTC, and Rockwell Automation’s Chairman and CEO, Blake Moret, will join PTC’s board of directors, effective with the closing of the equity transaction.

The partnership leverages both companies’ resources, technologies, industry expertise, and market presence, and will include technical collaboration across the organisations as well as joint global go-to-market initiatives. 

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