About This Deal

ROCKWELL AUTOMATION, INC acquired Verve Industrial Protection for $183.2 million (total purchase consideration, net of cash acquired), a transaction completed in November 2023, structured as all cash.

Verve Industrial Protection operates in Lifecycle Services. Verve Industrial Protection is a cybersecurity software and services company that focuses specifically on industrial (OT) environments. Goodwill of $133.5 million and $47.2 million of intangible assets were recorded on the acquisition.

Expands Rockwell's industrial cybersecurity portfolio for operational-technology environments.

Lifecycle Services segment

Deal Terms

Acquirer
ROCKWELL AUTOMATION, INC
Target
Verve Industrial Protection
Value
$183.2 million (total purchase consideration, net of cash acquired)
Date
November 2023
Type
Full acquisition
Status
Ready

Transaction Details

Segment
Lifecycle Services
Structure
All cash
Announced
November 1, 2023
Closed
November 1, 2023

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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