Kalypso to be acquired by Rockwell Automation, Inc. (NYSE: ROK). Read the press release.
February 19, 2020
MILWAUKEE -- February 19, 2020 -- Rockwell Automation, Inc. (NYSE: ROK) today announced that it has signed an agreement to acquire privately-held Kalypso, LP, a US-based software delivery and consulting firm specializing in the digital transformation of industrial companies with a strong client base in life sciences, consumer products and industrial high-tech. Kalypso offers a full suite of consulting, digital innovation, enterprise technology and business process management services that enable the transformation of product design and development, production management, and client service models.
“Kalypso’s deep roster of experienced consultants and technologists, expertise across the digital value chain and established customer base in key growth sectors will enable us to further accelerate our customers’ Connected Enterprise journey and support Rockwell Automation’s strategic objective of continued double-digit growth in Information Solutions and Connected Services,” said Frank Kulaszewicz, Senior Vice President, Control Products & Solutions at Rockwell Automation.
Rockwell Automation is best positioned to bring Information Technology (IT) and plant floor technology (OT) together. The Connected Enterprise converges plant-level and enterprise networks, and securely connects people, processes, and technologies to drive digital transformation and enable smart manufacturing through operational intelligence, productivity and risk management. The added capabilities and experience of the Kalypso team will further enhance Rockwell Automation’s ability to deploy technology and deliver even greater value to customers.
“We are excited to be joining Rockwell Automation to broaden its enterprise software consulting and information architecture offerings and enhance our ability to help our clients harness the power of digital innovation to discover, create, make and sell better products,” said Kalypso CEO George Young.
The transaction is expected to close in the spring of 2020, subject to customary approvals and conditions, and will be reported in the Control Products & Solutions business segment. Rockwell Automation will provide additional information at the upcoming Barclays and Citi investor conferences held in Miami, Florida on February 19 and 20.
About Rockwell Automation
Rockwell Automation Inc. (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 23,000 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 www.rockwellautomation.com
Kalypso is a professional services firm helping clients discover, create and make better products with digital. The firm provides consulting, digital, technology, business process management and managed services across the innovation value chain. For more information, visit http://kalypso.com. Follow @KalypsoLP on Twitter and on Facebook.
Jessica Kourakos Head of Investor Relations
+1 414-382-8510 Jkourakos@ra.rockwell.com
Ike Theodore UmunnahDirector, Global Public Affairs+1 email@example.com