Rockwell Automation forms new e-business Venture

Rockwell Automation, Timken, SKF and INA Holding Schaeffler KGare to provide shared Web-based services and integrated logistics for premium-brand products and services.

Rockwell Automation today announced an agreement with The Timken Company, The SKF Group, and INA Holding Schaeffler KG to provide shared Web-based services and integrated logistics for premium-brand products and services.

Through this joint venture, Rockwell Automation will offer North American and European authorised distributors and original equipment manufacturers a convenient electronic shopping site for industrial products including Dodge power transmission products and Reliance Electric motors and drives. Users can access a single site to enter orders, check product availability, gather engineering data, and minimise shipping costs. The group will also offer the efficiencies of integrated logistics capabilities in North America.

The founding companies have formed CoLinx, LLC, an independent, equally owned e-business and logistics corporation providing products and services to the $44 billion dollar power transmission and motion control industry in North America.

CoLinx will acquire both the assets of PTplace.com, currently a Rockwell Automation e-business Web site, and the existing infrastructure of the Integrated Logistics Alliance, the shared logistics operations formed by Rockwell Automation and SKF USA in 1997.

Don Louis, Rockwell Automation e-business director, will serve as president of CoLinx. A team of representatives from each of the companies is expanding PTplace.com to include all founding company product lines for an April 2001 launch. The CoLinx board of directors consists of representatives from each of the founding companies.

In Europe, The Sandvik Group joins the companies in acquiring the shares of Endorsia.com International AB, an industrial e-business service provider currently owned by SKF. The five companies will be equal owners in the company.

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