Rockwell Automation to acquire Xi'An Hengsheng Science & Technology Company Ltd.
Automation for electrical power and other heavy process industries in China gets a boost with Rockwell Automation's agreement to acquire Xi'An Hengsheng Science & Technology Co.
Milwaukee, WI – Rockwell Automation Inc. announced an agreement to acquire substantially all assets and business of Xi'An Hengsheng Science & Technology Company Ltd., a privately held engineering firm that delivers automation solutions to the electrical power and other heavy process industries in China. Terms were not disclosed.
Located in Xi'An, China, the company, which serves customers in the power, petrochemical, coal mining, chemical, and oil markets, conducts much of its business in growing regions of middle and western China with an installed base of approximately 300 customers.
"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 .
"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. He noted that the company’s management team and its 85 employees are expected to bring a broad range of industrial automation application expertise and deep local market knowledge.
Xi'An Hengsheng Science & Technology Company co-founder, Han Liqing, added, "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 should be complete during first-quarter 2009.
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