Rockwell to Purchase Samsung Controller Business

April 17, 2002 by Jeff Shepard

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.