Acquisition supports Chinese process industries
12 December 2008
Rockwell Automation has reached an agreement to acquire substantially all of the assets and business of Xi'An Hengsheng Science & Technology Company, a privately held engineering firm. Xi'An Hengsheng Science & Technology delivers automation solutions to the electrical power and other heavy process industries in China.
Located in Xi'An, China, Xi'An Hengsheng Science & Technology Company Limited serves customers in the power, petrochemical, coal mining, chemical and oil markets. The company conducts much of its business in the fast-growing regions of middle and western China with an installed base of approximately 300 customers. Terms of the acquisition were not disclosed.
"This acquisition is a vital step in continuing to provide world-class design and delivery service to our customers throughout China," said Tom O'Reilly, Managing Director, Rockwell Automation, Greater China. "It is also another example of how Rockwell Automation is helping China save energy, reduce emissions, protect the environment and achieve a sustainable economy."
"Xi'An Hengsheng Science & Technology's process solutions expertise and heavy industry knowledge strengthens Rockwell Automation's ability to deliver complete systems in one of the fastest growing markets in the world," said Terry Gebert, Vice President and General Manager, Rockwell Automation Systems & Solutions business. "Xi'An Hengsheng Science & Technology's management team and its 85 employees will join our business, bringing a broad range of industrial automation application expertise and deep local market knowledge."
Xi'An Hengsheng Science & Technology Company co-Founder, Han Liqing, said: "The relationship with Rockwell Automation will strongly enhance our ability to deliver automation solutions and technology to heavy process industries throughout China. We have excellent long-term relationships with our customers and the western China business community. By combining our local knowledge with the global technical expertise, broad product portfolio, and financial strength of Rockwell Automation, we will increase our ability to serve customers."
"This strategic acquisition further strengthens our global project management and engineering solutions delivery capabilities following our other three recent acquisitions of ProsCon and ICS Triplex in Europe and Caribbean Integration Engineers in Latin America," Gebert added.
The acquisition is expected to be completed during the first calendar quarter of 2009 subject to satisfaction of customary closing conditions.
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