Announced
Completed
Financials
Tags
Acquisition
Majority
Electrical Components
Denmark
Cross Border
electrical panels
Private
Friendly
Single Bidder
Completed
Synopsis
Rockwell Automation, a provider of industrial automation, completed the acquisition of CUBIC, a company that specializes in modular systems for the construction of electrical panels. Financial terms were not disclosed. “This acquisition strengthens our portfolio of leading intelligent motor control technologies. We are excited to welcome the CUBIC team with their expertise in structural design, power systems, and global standards to Rockwell. CUBIC’s efficient and flexible modular systems combined with Rockwell’s 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," Bob Buttermore, Rockwell Automation Vice President.
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