MyPR: Rockwell Automation to Acquire Avnet to Expand Cybersecurity Expertise:
Rockwell Automation, Inc. (NYSE: ROK) recently announced it has signed an agreement to acquire privately held Avnet Data Security, LTD, an Israeli-based cybersecurity provider with over 20 years’ experience providing cybersecurity services. Avnet offers a full set of IT/OT cyber services and solutions ranging from assessments, penetration testing, network and security solutions, and training to converged IT/OT managed services. The acquisition will enhance Rockwell Automation’s ability to deliver IT/OT cybersecurity services globally.
“Avnet’s combination of service delivery, training, research, and managed services will enable us to service a much larger set of customers globally while also continuing to accelerate our portfolio development in this rapidly developing market,” said Michelle Junius, Marketing Communications Specialist, Sub Saharan Africa & Mining EMEA at Rockwell Automation.
Cybersecurity is one of the fastest growing parts of Rockwell Automation’s services business. As the manufacturing industry has evolved and become more connected than ever before, legacy physical security strategies are no longer enough to protect production operations. To help customers develop, maintain, and evolve proactive cybersecurity strategies, Rockwell Automation provides a comprehensive set of services and solutions. The extensive knowledge and experience of the Avnet team will support Rockwell Automation’s strategic objective to achieve double digit growth in Information Solutions and Connected Services by expanding IT/OT cyber and network expertise globally.
“We are excited to join Rockwell Automation to further expand their already robust cyber offering,” said Igal Cohen, CEO of Avnet. “We are continuing to serve our existing clients while expanding our reach to service a much broader range of customers. Our passion and mission has always been to help as many organisations as possible secure their data from internal and external threats.”
The transaction is expected to close in early 2020 subject to customary approvals and conditions, and it is not expected to have a material impact on Rockwell Automation’s 2020 financial results.
ENDS
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