PTC and Rockwell Automation Announce Strategic Partnership to Drive Industrial Innovation

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  PTC and Rockwell Automation Announce Strategic Partnership to Promote Industrial Innovation

11. June 2018 – PTC and Rockwell Automation announce that they have entered into a definitive agreement for a strategic partnership that will accelerate and facilitate the growth of both companies. They are the partner of customers around the world who are transforming their physical operations with digital technology want. As part of the partnership, Rockwell Automation will acquire a $ 1 billion equity stake in PTC and Rockwell Automation Chairman and CEO Blake Moret will join PTC's Board of Directors upon completion of the capital transaction.

resources, technologies, industry expertise and market presence of companies, and will include technical collaboration between the organizations as well as joint global market launch initiatives. In particular, PTC and Rockwell Automation have agreed to align their smart factory technologies and combine the industrial connectivity ThingWorx IoT, Kepware and Vuforia Augmented Reality (AR) with Rockwell Automation's FactoryTalk MES, FactoryTalk Analytics and Industrial Automation platforms

Rockwell Automation's solutions business will be a deployment and implementation provider backed by a robust partnering network that both companies have established.

Under the terms of the equity participation agreement, Rockwell Automation will make a $ 1 billion equity investment in PTC by acquiring 10,582,010 newly issued shares at a price of $ 94.50, representing an investment of approximately 8.4% to PTC, based on PTC's pro forma commission for the equity issue to Rockwell Automation. The price per share equates to a premium of 8.6% on PTC's closing price on June 8, 2018, the last trading day prior to today's announcement. Rockwell Automation intends to finance the investment through a combination of cash and commercial paper bonds. Rockwell Automation will account for its interest in PTC as available for sale at fair value.

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