Printer Friendly
The Free Library
14,588,244 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Rockwell Automation Acquires Canadian Motor Service Center; Expands Opportunities Serving Canadian ''Oil Sands'' Industry.


MILWAUKEE -- Rockwell Automation Rockwell Automation NYSE: ROK is an industrial automation company. Its products include Allen-Bradley controls and engineered services and Rockwell Software factory management software. The company headquarters are located in Milwaukee, Wisconsin. , Inc. (NYSE NYSE

See: New York Stock Exchange
:ROK) today announced the acquisition of Quality Rewind re·wind  
tr.v. re·wound , re·wind·ing, re·winds
1. To wind again or anew.

2. To reverse the winding of (recording tape or camera film).

n.
1. The act or process of rewinding.
 & Electric, Inc.'s leading motor repair and motor management business based in Ft. McMurray, Alberta, Canada. The acquisition provides Rockwell Automation with an established services business well positioned to expand opportunities in the Canadian "oil sands" industry. Capital spending capital spending

Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years.
 in this growing market is projected to reach $25 billion through 2015. Terms of the transaction were not disclosed.

"The Canadian oil sands industry represents an important growth initiative for Rockwell Automation. This strategic acquisition enables us to better serve customers with a broader portfolio of solutions to meet their needs in this rapidly growing market," said Rockwell Automation Power Systems President Joseph D. Swann.

Quality Rewind, a privately held business, has been the only major motor repair/rewind service in the Canadian oil sands region where it holds a strong market position. An existing direct sales force and team of embedded Inserted into. See embedded system.  motor management specialists will aid in ongoing market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women"
 for Rockwell Automation. Operations will continue in the existing Quality Rewind facility in Ft. McMurray, Alberta.

Quality Rewind's strong local market knowledge, established customer relationships and a rapid response service capability extends Rockwell Automation's Reliance Electric(TM), Dodge(R), and Allen-Bradley(R) brand products and services into manufacturing businesses serving the oil sands industry. This coverage will complement Rockwell Automation's successes in serving the Canadian oil sands producers. For example, since 2003 Rockwell Automation has been contracted by Albian Sands Energy Inc. to provide a wide range of products to help increase production at the company's Ft. McMurray oil sands site in Alberta. The orders include Reliance Electric motors and Allen-Bradley medium voltage drives.

This news release contains statements (including certain projections and business trends) that may be accompanied by such phrases as "believe", "estimate", "expect", "anticipate", "will", "intend" and other similar expressions, that are "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to, the following:

--economic and political changes in global markets where we compete, such as currency exchange rates, inflation rates, recession, foreign ownership restrictions and other external factors we cannot control;

--demand for and market acceptance of new and existing products;

--levels of capital spending in industrial markets;

--the availability and price of components and materials;

--successful development of advanced technologies;

--the availability, effectiveness and security of our information technology systems;

--competitive product and pricing pressures;

--disruption of our operations due to natural disasters, strikes, terrorism, or other causes;

--intellectual property infringement claims by others and the ability to protect our intellectual property;

--regulatory and legislative changes related to the reporting and funding of pension and health care obligations;

--successfully addressing claims by taxing authorities resulting from cross-border global business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets ;

--the ability to attract and retain qualified personnel to support initiatives;

--the uncertainties of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
; and

--other risks and uncertainties, including but not limited to those detailed from time to time in our Securities and Exchange Commission filings.

These forward-looking statements are made only as of the date hereof here·of  
adv.
Of this.


hereof
Adverb

Formal or law of or concerning this

Adv. 1. hereof - of or concerning this; "the twigs hereof are physic"
, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Rockwell Automation, Inc. (NYSE:ROK), is a leading global provider of industrial automation power, control and information systems and services that help manufacturers achieve a competitive advantage in their businesses. The company brings together leading brands in industrial automation, including Allen-Bradley controls and services, Dodge mechanical power transmission products, Reliance Electric motors and drives, and Rockwell Software factory management software. Headquartered in Milwaukee, Wis adv. 1. Certainly; really; indeed.
v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis.
., the company employs about 22,000 people serving customers in more than 80 countries.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Sep 1, 2005
Words:622
Previous Article:Specialty Foods in the US - The NASFT State of the Industry Report.
Next Article:Ninewells Hospital in Dundee Scotland Chooses Applied Spectral Imaging.
Topics:



Related Articles
Rockwell and Reliance Electric sign merger agreement under which Rockwell will acquire Reliance for $1.6 billion.
Rockwell Automation Creates Leading-Edge Process Technology and Training Center; Houston-Based Center Provides Education, Support and Services for...
Rockwell Automation Accepts Credit Card Orders Through PTplace.com.
Rockwell Automation Expands PTplace.com Accessibility to Canada.
Rockwell Automation Acquires CNC Technology from Power Automation GmbH.
Concerto Software Acquires Rockwell FirstPoint Contact.
Hewitt Associates Signs Rockwell Automation to a 15-Year HR Services Contract.
Rockwell Automation To Acquire Datasweep, a Leader in Production Management Software.(Company Profile)
Go west: TBay firm eyes Alberta oil sands projects.(NEWS)
Rockwell Automation To Acquire ICS Triplex, a Leading Process Control Safety Solutions Provider.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles