Rockwell to Purchase Samsung Controller Business

Rockwell Automation (Milwaukee, WI) and Samsung Electronics Company Ltd. (Seoul, Korea) announced that Rockwell Automation Korea has entered into a definitive agreement to acquire the controller division of Samsung's Mechatronics business located near Seoul. The acquisition will form a new business that will operate using the name Rockwell Samsung Automation.

The new business will create technologies in the design and development of automation products, including PLCs, motion, drives, distributed I/O and software product lines. Terms of the transaction, expected to close by the end of the second calendar quarter, were not disclosed.