M&A Deal Summary

Rockwell Automation Acquires Plex Systems

On June 25, 2021, Rockwell Automation acquired software company Plex Systems from Francisco Partners for 2.2B USD

Acquisition Highlights
  • This is Rockwell Automation’s 8th transaction in the Software sector.
  • This is Rockwell Automation’s largest (disclosed) transaction.
  • This is Rockwell Automation’s 16th transaction in the United States.
  • This is Rockwell Automation’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-06-25
Target Plex Systems
Sector Software
Buyer(s) Rockwell Automation
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

Plex Systems

Auburn Hills, Michigan, United States
Plex Systems is the developer of Plex Online, a Cloud ERP solution for the manufacturing enterprise. Plex Online offers industry-leading features for virtually every department within a manufacturer, including Manufacturing Execution System (MES) and Quality Management System (QMS) for the shop floor, Supply Chain Management (SCM) for procurement, Enterprise Resource Planning (ERP) for finance and management, and Business Intelligence (BI) for executive management. Plex Online’s comprehensive functional coverage delivers a “shop floor to top floor” view of a manufacturer’s operations, enabling management to run its business at maximum efficiency.

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Buyer(S) 1

Buyer

Rockwell Automation

Milwaukee, Wisconsin, United States

Category Company
Founded 1903
Sector Machinery
Employees29,000
Revenue 9.1B USD (2023)
DESCRIPTION
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.

Rockwell Automation is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. Rockwell Automation was formed in 1903 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 24 of 29
Sector (Software) 8 of 8
Type (Add-on Acquisition) 23 of 28
State (Michigan) 1 of 1
Country (United States) 16 of 18
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Fiix

Toronto, Ontario, Canada

Fiix is a provider of cloud-based maintenance and asset management software. Track work orders, stay connected, and work anywhere with the Fiix CMMS mobile app. Fiix was founded in 2008 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 AVATA

Austin, Texas, United States

AVATA is a strategic partner of Oracle and is recognized for its global capabilities in helping companies solve critical business challenges through people, processes, and technology. AVATA offers the unique blend of real-world industry experience, best practices, and software expertise that sets us apart from pure system integrators. AVATA was founded in 2000 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 71 of 81
Sector (Software) 26 of 28
Type (Add-on Acquisition) 46 of 49
State (Michigan) 2 of 2
Country (United States) 57 of 67
Year (2021) 5 of 10
Size (of disclosed) 2 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 BluJay Solutions

Holland, Michigan, United States

BluJay Solutions is a provider of cloud-based, logistics execution platform. BluJay Solutions was founded in 1972 and is based in Holland, Michigan.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Availity

Jacksonville, Florida, United States

Availity is a revenue cycle management platform and electronic clearinghouse that connects hospitals and physicians with health plans. Availity’s solutions help healthcare professionals manage the clinical and financial data needed to fuel real-time coordination between providers, health plans, and patients in a growing value-based care environment. Availity was founded in 2001 and is based in Jacksonville, Florida.

Sell -