ROCKWELL AUTOMATION, INC acquires CUBIC
Snapshot
ROCKWELL AUTOMATION, INC acquired CUBIC in October 2022. The transaction was structured as all cash. CUBIC is a Bronderslev, Denmark-based Intelligent Devices business.
- Acquirer
- ROCKWELL AUTOMATION, INC
- Target
- CUBIC
- Value
- (not disclosed)
- Date
- October 2022
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
ROCKWELL AUTOMATION, INC acquired CUBIC, a transaction completed in October 2022, structured as all cash.
CUBIC operates in Intelligent Devices, is based in Bronderslev, Denmark. CUBIC specializes in modular systems for the construction of electrical panels, headquartered in Bronderslev, Denmark. Acquired together with Knowledge Lens under a combined FY2023 purchase price allocation totaling $186.2 million net of cash acquired.
Goodwill assigned to the Intelligent Devices segment; expands Rockwell's hardware portfolio for electrical panel construction.
Intelligent Devices segment
No advisory firms have been disclosed for this transaction.