As part of the agreement, Rockwell Automation will make a $1 billion capital investment in PTC, and Blake Moret, president and CEO of Rockwell Automation, will join the board of directors once the transaction is finalized.
The partnership leverages resources, technologies, industry expertise and market presence and will include technical collaboration between both companies, as well as joint go-to-market initiatives.

In particular, PTC and Rockwell Automation have agreed to align their respective smart factory technologies and combine PTC's ThingWorx® IoT, Kepware® industrial connectivity and Vuforia® augmented reality platforms with Rockwell Automation's FactoryTalk® MES, FactoryTalk Analytics and Industrial Automation platforms.

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