Rockwell Automation Inc is expanding its dominance in the engineering space through the purchase of the majority of assets of Rutter Hinz, Inc, a Canadian-based enterprise that focuses on solutions for the manufacturing and oil and gas markets.
Headquartered in Milwaukee, United States, Rockwell Automation will keep the Rutter Hinz, Inc (RUTFF — a wholly-owned subsidiary of Rutter Inc) brand-name but this will allow the automation giant to enter the Canadian heavy industries market.
Rockwell Systems & Solutions vice president Terry Gebert said in a statement to the Associated Press that Rutter Hinz, based in Saskatoon, has annual sales of about US$35 million, however terms for the buy-out were not disclosed.
Rockwell will merge the new asset into its Systems & Solutions business unit.