ROCKWELL AUTOMATION, INC acquires Verve Industrial Protection
Snapshot
ROCKWELL AUTOMATION, INC acquired Verve Industrial Protection in November 2023. The transaction was structured as all cash. Verve Industrial Protection is a Lifecycle Services business.
- Acquirer
- ROCKWELL AUTOMATION, INC
- Target
- Verve Industrial Protection
- Value
- (not disclosed)
- Date
- November 2023
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
ROCKWELL AUTOMATION, INC acquired Verve Industrial Protection, a transaction completed in November 2023, structured as all cash.
Verve Industrial Protection operates in Lifecycle Services. Verve Industrial Protection is a cybersecurity software and services company that focuses specifically on industrial (OT) environments. Goodwill of $133.5 million and $47.2 million of intangible assets were recorded on the acquisition.
Expands Rockwell's industrial cybersecurity portfolio for operational-technology environments.
Lifecycle Services segment
No advisory firms have been disclosed for this transaction.