Rockwell Automation is to acquire Industrial Control Services Group (ICS) for £110m. ICS trades as ICS Triplex, a global supplier of critical control and safety solutions to process industries.
ICS Triplex annual revenues are projected to be approximately £70m for their current fiscal year which ended 31 May. Rockwell Automation expects the transaction to be slightly dilutive to earnings per share in the first full fiscal year and accretive thereafter. Headquartered in Maldon, ICS Triplex has over 500 employees and operations across Europe, the Middle East, Asia and North America. ICS Triplex provides engineering services, products, and solutions for industries that demand high-integrity critical control. These industries primarily include oil and gas exploration, production, transportation, and refining as well as chemicals and power generation.
“With its industry expertise and strong customer relationships, ICS Triplex provides an important strategic fit for our rapidly expanding process control and safety solutions businesses,” said Keith Nosbusch, chairman and chief executive officer of Rockwell Automation. “This allows us to incorporate ICS’ high availability, fault-tolerant technology into the Logix architecture extending the reach of this technology into discrete and hybrid process applications.”
Rockwell to expand process control business
