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Rockwell buys Avnet to boost its cyber-security capabilities
Rockwell Automation is buying the Israeli cyber-security provider Avnet Data Security for an undisclosed sum. Avnet, founded in 1995, offers IT/OT (information technology/operational technology) cyber-services including assessments, penetration testing, network and security systems, training, and converged IT/OT managed services. Its Israeli-based team includes "dozens" of cyber experts, trainers, consultants, researchers and systems integration engineers.
“Avnet’s combination of service delivery, training, research, and managed services will enable us to service a much larger set of customers globally, while also continuing to accelerate our portfolio development in this rapidly developing market,” says Frank Kulaszewicz, Rockwell’s senior vice-president for Control Products & Solutions.
Cybersecurity is one of the fastest-growing parts of Rockwell Automation’s services business. As manufacturing industry has become more connected, physical security strategies are no longer enough to protect production operations. Avnet’s knowledge and experience will support Rockwell’s strategic objective of achieving double-digit growth in Information Solutions and Connected Services by expanding its IT/OT cyber and network expertise globally.
“We are excited to join Rockwell Automation to further expand their already robust cyber offering,” says Avnet CEO, Igal Cohen. “We are continuing to serve our existing clients while expanding our reach to service a much broader range of customers. Our passion and mission have always been to help as many organisations as possible secure their data from internal and external threats.”
The transaction is expected to close in early 2020 subject to customary approvals and conditions. It is not expected to have a material impact on Rockwell’s 2020 financial results.
