{"id":691022,"date":"2022-10-03T07:21:07","date_gmt":"2022-10-03T11:21:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-announces-intent-to-acquire-cubic\/"},"modified":"2022-10-03T07:21:07","modified_gmt":"2022-10-03T11:21:07","slug":"rockwell-automation-announces-intent-to-acquire-cubic","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-announces-intent-to-acquire-cubic\/","title":{"rendered":"Rockwell Automation Announces Intent to Acquire CUBIC"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Rockwell Automation Announces Intent to Acquire CUBIC<\/b><\/p>\n<p class=\"bwalignc\"><i><b>Acquisition to strengthen, expand global reach for intelligent motor control center offering<\/b><\/i><\/p>\n<p>MILWAUKEE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced that it has signed a definitive agreement to acquire CUBIC, a company that specializes in modular systems for the construction of electrical panels. CUBIC, founded in 1973, serves fast-growing industries, such as renewable energy, data centers, and infrastructure, and is headquartered in Bronderslev, Denmark.\n<\/p>\n<p>\nCUBIC\u2019s efficient and flexible modular systems combined with Rockwell\u2019s intelligent devices and industry expertise will benefit customers by offering faster time to market, enabling broader plant-wide applications for intelligent motor control, and generating smart data to increase sustainability and productivity.\n<\/p>\n<p>\nCUBIC\u2019s established partner model will allow Rockwell to build an expanded Partner Network for intelligent motor control offerings in Asia, Europe, and Latin America. The company will bring new customers and partners in hybrid and process industries. Additionally, CUBIC will broaden Rockwell\u2019s market access in renewable energy and data center solutions.\n<\/p>\n<p>\n\u201cCUBIC\u2019s innovative motor control solutions strengthen our portfolio of leading intelligent motor control technologies,\u201d said Bob Buttermore, vice president and general manager of Rockwell\u2019s Power Control Business. \u201cWe are pleased to welcome a talented team with specialized expertise in structural design, power systems, and global standards.\u201d\n<\/p>\n<p>\n\u201cJoining Rockwell will enable us to expand our relationships and accelerate our global growth,\u201d said Jacob Moller Knudsen, CEO of CUBIC. \u201cThis is a perfect match that will allow us to offer our customers the best solutions going forward.\u201d\n<\/p>\n<p>\nAt close, CUBIC will report to Rockwell\u2019s Power Control Business in the Intelligent Devices operating segment.\n<\/p>\n<p>\nCUBIC is expected to report more than $75 million in sales in fiscal year 2022, which ended Sept. 30. The transaction is subject to customary regulatory approval and is expected to close by the end of 2022.\n<\/p>\n<p><b>About Rockwell Automation<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rockwellautomation.com&amp;esheet=52934290&amp;newsitemid=20221003005349&amp;lan=en-US&amp;anchor=Rockwell+Automation%2C+Inc.&amp;index=1&amp;md5=98a8201809061502f2a772f1ec7b63aa\">Rockwell Automation, Inc.<\/a> (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 25,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rockwellautomation.com&amp;esheet=52934290&amp;newsitemid=20221003005349&amp;lan=en-US&amp;anchor=www.rockwellautomation.com&amp;index=2&amp;md5=721b736f2de54746569570bc1b071659\">www.rockwellautomation.com<\/a>.\n<\/p>\n<p><b>About CUBIC<\/b><\/p>\n<p>\nCUBIC was founded in 1973 based on a unique idea of a modular system for the construction of electrical panels. This idea has since the early start developed CUBIC into a global and recognized partner within electromechanics and with a product range that comprises any type of enclosure. CUBIC\u2019s solutions are used in industry, in mining and in airports.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20221003005349r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20221003005349\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20221003005349\/en\/<\/a><\/span><\/p>\n<p>\nMarci Pelzer<br \/>\n<br \/>Director, External Communications<br \/>\n<br \/>+1 414-553-4661<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:MPelzer@rockwellautomation.com\">MPelzer@rockwellautomation.com<br \/>\n<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Wisconsin United States South America North America Asia Pacific Europe Denmark<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Engineering Automotive Manufacturing Manufacturing Alternative Energy Energy Mining\/Minerals Software Internet Natural Resources Hardware Other Manufacturing Electronic Design Automation Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20221003005349\/en\/698546\/3\/New_RA_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Rockwell Automation Announces Intent to Acquire CUBIC Acquisition to strengthen, expand global reach for intelligent motor control center offering MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Rockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced that it has signed a definitive agreement to acquire CUBIC, a company that specializes in modular systems for the construction of electrical panels. CUBIC, founded in 1973, serves fast-growing industries, such as renewable energy, data centers, and infrastructure, and is headquartered in Bronderslev, Denmark. CUBIC\u2019s efficient and flexible modular systems combined with Rockwell\u2019s intelligent devices and industry expertise will benefit customers by offering faster time to market, enabling broader plant-wide applications for intelligent motor control, and generating smart data to increase &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-announces-intent-to-acquire-cubic\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rockwell Automation Announces Intent to Acquire CUBIC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-691022","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rockwell Automation Announces Intent to Acquire CUBIC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-announces-intent-to-acquire-cubic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rockwell Automation Announces Intent to Acquire CUBIC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rockwell Automation Announces Intent to Acquire CUBIC Acquisition to strengthen, expand global reach for intelligent motor control center offering MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Rockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced that it has signed a definitive agreement to acquire CUBIC, a company that specializes in modular systems for the construction of electrical panels. CUBIC, founded in 1973, serves fast-growing industries, such as renewable energy, data centers, and infrastructure, and is headquartered in Bronderslev, Denmark. CUBIC\u2019s efficient and flexible modular systems combined with Rockwell\u2019s intelligent devices and industry expertise will benefit customers by offering faster time to market, enabling broader plant-wide applications for intelligent motor control, and generating smart data to increase &hellip; Continue reading &quot;Rockwell Automation Announces Intent to Acquire CUBIC&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rockwell-automation-announces-intent-to-acquire-cubic\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-03T11:21:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20221003005349r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-announces-intent-to-acquire-cubic\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-announces-intent-to-acquire-cubic\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rockwell Automation Announces Intent to Acquire CUBIC\",\"datePublished\":\"2022-10-03T11:21:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-announces-intent-to-acquire-cubic\\\/\"},\"wordCount\":527,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-announces-intent-to-acquire-cubic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20221003005349r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-announces-intent-to-acquire-cubic\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rockwell-automation-announces-intent-to-acquire-cubic\\\/\",\"name\":\"Rockwell Automation Announces Intent to Acquire CUBIC - 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