Rockwell Automation is buying high-integrity critical controls company Industrial Control Services Group, which trades as ICS Triplex, for £110 million cash.
Adding ICS’ high availability controls and integrated safety solutions will give Rockwell a significant step up in the process manufacturing industries that primarily use its systems – notably oil and gas exploration, production, transportation, and refining, as well as chemicals and power generation.
ICS Triplex annual revenues were projected to be around £70 million this year ending May 31, and the company has 500 employees worldwide, providing products, engineering services and full solutions.
“With their industry expertise and strong customer relationships, ICS Triplex provides an important strategic fit for our rapidly expanding process control and safety solutions businesses,” says Keith Nosbusch, chairman and CEO of Rockwell Automation.
“ICS customers in oil and gas and other process industries will benefit from the breadth of Rockwell Automation’s product portfolio and solutions capabilities. It also allows us to incorporate ICS’s high availability, fault-tolerant technology into the Logix architecture extending the reach of this technology into discrete and hybrid process applications,” he adds.
Peter Mottershead, ICS Triplex chief executive, said: “For 40 years, ICS Triplex has provided fault-tolerant safety and critical control solutions to premier companies in the oil and gas industry. As we combine these capabilities with Rockwell Automation’s 100 years of experience and strengths as a global leader in industrial automation control and information systems, it should enable us to grow our business and better serve our customers.”