With Monday’s announcement of a strategic partnership between Rockwell (ROK) and PTC (PTC),
two well-respected and perpetually-expensive players in industrial
automation are coming a little closer together. Although this tie-up
certainly won’t bring all of the benefits of an acquisition to Rockwell,
integrating PTC’s strong IoT offerings with its own FactoryTalk
offerings should meaningfully boost the data-gathering and analytical
capabilities and advance Rockwell’s Connected Enterprise concept.
Rockwell shares still don’t look cheap,
but then they rarely do, and if management is right about the
increasing role software will play in factory/process automation, this
is an important long-term investment.
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Taking A Cue From Siemens, Rockwell Automation Partners With PTC
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