Rockwell said the move will help “create the broadest portfolio of autonomous truck solutions” in the emerging technology space.
Milwaukee-based Rockwell Automation announced Wednesday that it is expanding its autonomous truck offering with the acquisition of smart conveyor systems maker MagneMotion. The terms were not disclosed.
Rockwell said the move will complement its iTRAK to “create the broadest portfolio of autonomous trolley solutions in this emerging technology space.”
MagneMotion automation products are used in automotive and final assembly, process and factory, packaging and material handling applications in heavy industry.
“This transaction is a logical next step in our business and a highly anticipated development for MagneMotion,” said Todd Weber, President and CEO of MagneMotion. introduce this technology to our customers. As the market continues to recognize the benefits of autonomous truck technology, Rockwell Automation’s global organization will be a great asset.”
MagneMotion, based in Devens, Massachusetts, will be integrated into Rockwell Automation’s architecture and software motion business. Rockwell said the acquisition is expected to close during the current quarter.
“Our recent acquisition of Jacobs Automation and its iTRAK technology complements the MagneMotion portfolio,” said Marco Wishart, Vice President and General Manager, Motion Control, Rockwell Automation. “We see a future where product movement within a plant, whether within a particular machine or between machines, will be fully controlled to optimize performance and flexibility throughout the entire process.”
Post time: Jun-19-2023