The companies have agreed a strategic partnership that will leverage both companies’ resources, technologies, industry expertise, and market presence, and will include technical collaboration across the organisations as well as joint global go-to-market initiatives.
In particular, PTC and Rockwell Automation have agreed to align their respective smart factory technologies and combine PTC’s award-winning ThingWorx IoT, Kepware industrial connectivity, and Vuforia augmented reality (AR) platforms with Rockwell Automation’s best-in-class FactoryTalk MES, FactoryTalk Analytics, and Industrial Automation platforms. The result will be an unmatched integrated information solution that will enable customers to achieve increased productivity, heightened plant efficiency, reduced operational risk, and better system interoperability.
“This strategic alliance will provide the industry with the broadest integrated suite of best-in-class technology, backed by PTC, the leader in IoT and augmented reality, and Rockwell Automation, the leader in industrial automation and information. Our combined customer base will benefit from two world-class organisations that understand their business and deliver comprehensive, innovative, and integrated solutions,” said Jim Heppelmann, President and CEO, PTC. “Leveraging Rockwell Automation’s industry-leading industrial control and software technology, strong brand, and domain expertise with PTC’s award-winning technology enables industrial enterprises to capitalize on the promise of the Industrial IoT. I am incredibly excited about this partnership and the opportunity it provides to fuel our future success.”
Blake Moret, Chairman and CEO, Rockwell Automation, added: “We believe this strategic partnership will enable us to accelerate growth by building on both companies’ records of innovation to extend the value of the Connected Enterprise and deepen our customer relationships. As IT and OT converge, there is a natural alignment between our companies. Together, we will offer the most comprehensive and flexible IoT offering in the industrial space. Our equity investment in PTC reflects our confidence in the partnership and the significant upside we expect it to create for both companies as we work together to profitably grow subscription revenue.”
Meanwhile, in the UK PTC announced it is to renew its sponsorship of the Formula Student competition. The programme encourages engineering students to design, build, test and race small-scale formula-style cars.
Large crowds are expected to cheer on the over 130 teams from more than 30 countries that will compete for the coveted title in Silverstone from 11-15th July.
“Formula Student is a great opportunity for endeavouring engineers to gain professional, hands-on experience in their field of study. This year a driverless car will be among the entries, proving that when given industry-leading software and access to leading-edge IoT and AR platforms, there are no limits to what can be achieved. The excitement around this event is tangible and we are proud to offer our solutions and our support to the engineers of tomorrow,” explained Bernhard Eberl, director of the Global Academic Program at PTC.