Expands Opportunities Serving Canadian "Oil Sands" Industry
MILWAUKEE, Sept. 1, 2005 - Rockwell Automation Inc. (NYSE: ROK) today announced the acquisition of Quality Rewind & Electric Inc.'s leading motor repair and motor management business based in Ft. McMurray, Alberta, Canada. The acquisition provides
Rockwell Automation with an established services business well positioned to expand opportunities in the Canadian "oil sands" industry. Capital spending in this growing market is projected to reach $25 billion through 2015. Terms of the transaction were not disclosed.
"The Canadian oil sands industry represents an important growth initiative for Rockwell Automation. This strategic acquisition enables us to better serve customers with a broader portfolio of solutions to meet their needs in this rapidly growing market," said Rockwell Automation Power Systems President, Joseph D. Swann.
Quality Rewind, a privately held business, has been the only major motor repair/rewind service in the Canadian oil sands region where it holds a strong market position.
An existing direct sales force and team of embedded motor management specialists will aid in ongoing market penetration for Rockwell Automation. Operations will continue in the existing Quality Rewind facility in Ft. McMurray, Alberta.
Quality Rewind's strong local market knowledge, established customer relationships, and a rapid response service capability extends the Rockwell Automation Reliance Electric, Dodge and Allen-Bradley brand products and services into manufacturing businesses serving the oil sands industry. This coverage will complement the successes of Rockwell Automation in serving the Canadian oil sands producers. For example, since 2003 Rockwell Automation has been contracted by Albian Sands Energy Inc. to provide a wide range of products to help increase production at the company's Ft. McMurray oil sands site in Alberta. The orders include Reliance Electric motors and Allen-Bradley medium voltage drives.
Rockwell Automation (NYSE: ROK), is a leading global provider of industrial automation power, control and information systems and services that help manufacturers achieve a competitive advantage in their businesses. Headquartered in Milwaukee, Wis., U.S.A., the company employs about 20,000 people serving customers in more than 80 countries.