Rockwell to Buy Computer Firm
- Share via
Associated Press
PITTSBURGH — Rockwell International Corp. said today that it has agreed to pay $1.65 billion in cash to acquire Allen-Bradley Co., a leading maker of the computers that control factory machines.
The acquisition of the closely held Milwaukee company would give Rockwell, already a leader in aerospace and electronics, a major position in the growing field of automation. Industry analysts say Allen-Bradley holds the leading share, about 30%, of the U.S. market for automated controls.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
