Cimdata Logo

Commentaries & Highlights

Thursday, June 14, 2018

PTC and Rockwell Automation Announce Strategic Partnership to Drive Industrial Innovation and Accelerate Growth (Highlight)

icon PDF

PTC and Rockwell Automation, Inc., announced on 11 June 2018 that they have entered into a definitive agreement for a strategic partnership to develop synergies between their respective offerings to help customers transform their physical operations using digital technology. As part of the partnership, Rockwell Automation will make a $1 billion equity investment in PTC.

Rockwell Automation, a global leader in industrial automation, had revenues of $6.3 billion in 2017. PTC, a PLM leader with 2017 revenues of $1.2 billion, has pursued the Internet of Things (IoT) opportunity more aggressively than their PLM peers. The partnership will leverage both companies’ resources, technologies, industry expertise, and market presence, and will include technical collaboration and joint global go-to-market initiatives. In particular, PTC and Rockwell Automation have agreed to align their respective smart factory technologies, combining PTC’s ThingWorx IoT, Kepware industrial connectivity, and Vuforia augmented reality (AR) platforms with Rockwell Automation’s FactoryTalk MES, FactoryTalk Analytics, and Industrial Automation platforms. The partners believe that the resulting integrated information solution will enable customers to achieve increased productivity, heightened plant efficiency, reduced operational risk, and better system interoperability.

CIMdata believes this relationship should provide both companies’ customers new expertise to improve their manufacturing capabilities and efficiencies. Integrating Rockwell Automation’s industrial control and software technology and domain proficiencies with PTC’s ThingWorx and other technology solutions will provide industrial enterprises a better ability to capitalize on the capabilities of the Industrial IoT. It will also allow each company to spend more time focusing on their strengths, which should help both companies bring more technology and expertise to the combined offering over time. But, as with any partnership, time will tell if the two companies will succeed. However, unlike many partnership announcements, this one includes a $1 billion price tag, which raises the stakes for both parties and the visibility of the partnership around the world. CIMdata looks forward to learning more at PTC’s upcoming LiveWorx event and from our joint clients.

ipad background image

Featured Cimdata Reports

PLM Benefits Appraisal Guide

CIMdata’s PLM Benefits Appraisal Guide is designed to help potential PLM users evaluate the applicability and payoffs of PLM in their enterprise, and to help existing users of PLM monitor the impact it is having on their product programs.

PLM Market Analysis Reports

The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions and industry sectors, and historical and projected data on market growth.

PLM Market Analysis Country Reports

These reports offer country-specific analyses of the PLM market. Their focus is on PLM investment and use in industrial markets. Reports cover Brazil, France, Germany, India, Italy, Japan, Russia, South Korea, the United Kingdom, and the United States.

Simulation & Analysis Market Analysis Report

This report presents CIMdata’s overview of the global simulation and analysis market, one of the fastest growing segments of the overall product lifecycle management market, including profiles of the leading S&A firms.

CAM Market Analysis Report

This report presents CIMdata’s overview of the worldwide CAM software and services market. It also includes a discussion on the trends in the CAM industry and updates on the top CAM solution providers.