Rockwell Automation Korea is to acquire the controller division of Samsung’s Mechatronics business.
The new business, operating under the name Rockwell Samsung Automation, will design and develop automation products such as PLCs, motion controllers, drives, distributed I/O and software.
Terms of the transaction, expected to close by the end of the second calendar quarter, were not disclosed.
As part of the deal, Samsung Electronics will provide Rockwell Samsung Automation with a license to brand and market products with the Samsung name in the Korean market.
Samsung Electronics has also agreed to purchase control and other automation products from Rockwell Automation, including those produced by the new company, as preferred products throughout all of its manufacturing operations.
The company’s headquarters will be in Seoul, Korea and the manufacturing and product development facility will be located in the Suwon City area. The operations will report to the Rockwell Automation Controls and Information business group based in Cleveland, OH.