Rockwell Automation to Acquire Avnet to Expand Cybersecurity Expertise
Rockwell Automation, Inc. (NYSE: ROK) today announced that it has signed an agreement to acquire privately held Avnet Data Security, LTD, an Israeli-based cybersecurity provider with over 20 years of experience providing cybersecurity services. Avnet offers a full set of IT/OT cyber services and solutions ranging from assessments, penetration testing, network & security solutions, and training to converged IT/OT managed services.
“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 Frank Kulaszewicz, Senior Vice President, Control Products & Solutions 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 our 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 our 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 have always been to help as many organizations 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.
About Rockwell Automation
Rockwell Automation Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing The Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com
About Avnet Data Security, LTD
Building cybersecurity resilience on a global scale since 1995, Avnet has accumulated unmatched knowledge and best practices in this highly demanding specialist sector.
The company’s Israel-based team includes dozens of cyber experts, trainers, senior consultants, researchers and system integration engineers, each with unparalleled knowledge in their fields. For more information, visit www.avnet-cyber.com .
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
MA-CYBERARK10.8.2020 17:11:09 CEST | Press release
CyberArk Named a Leader in Gartner 2020 Magic Quadrant for Privileged Access Management
SILICON-MITUS10.8.2020 16:02:06 CEST | Press release
Silicon Mitus Starts Mass-Producing Automotive OLED PMIC
PRUMO10.8.2020 15:02:04 CEST | Press release
Prumo, bp and Siemens Enter Into Partnership With SPIC on Energy Projects in Brazil
GENUS-POWER10.8.2020 14:32:13 CEST | Press release
Genus Power Makes History, Supplies 1.5 Million Smart Meters to EESL
VECIMA-NETWORKS10.8.2020 14:02:12 CEST | Press release
Vecima Networks Completes Purchase of DOCSIS Distributed Access Architecture and EPON/DPoE Portfolios From Nokia
MA-EVERBRIDGE10.8.2020 12:32:08 CEST | Press release
Country of Norway Relies on Everbridge Public Warning to Alert Citizens Traveling Internationally to Mitigate COVID-19 Risks
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom