ICS Triplex bought for £110m

Rockwell Automation announced today that it has reached an agreement to acquire Industrial Control Services Group Limited (ICS) for £110m in cash.

ICS trades and does business as ICS Triplex, a global supplier of critical control and safety solutions to process industries worldwide.

ICS Triplex annual revenues are projected to be approximately £70m for their current fiscal year. Rockwell Automation expects the transaction to be slightly dilutive to earnings per share in the first full fiscal year and accretive thereafter.

Headquartered in Maldon, England, ICS Triplex has more than 500 employees and operations across Europe, the Middle East, Asia and North America.