Rockwell Automation acquires Avnet Data Security to grow cybersecurity portfolio

The company believes the move will help it achieve its double digit growth goals.

Rockwell Automation has signed a deal to acquire Israeli-based cybersecurity firm Avnet Data Security as part of growth plans for the information solutions and connected services category.

According to Rockwell Automation Control Products and Solutions senior vice president Frank Kulaszewicz, the acquisition will help the company achieve "double digit growth in information solutions and connected services".

"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," he said.

Subject to approvals and conditions, the deal is expected to close in early 2020.

Rockwell Automation said it does not expect the acquisition will have a "material impact" on the company's 2020 financial results.

See also: New security alliance wants to build strong defense against cyber-physical attacks on IoT devices (TechRepublic)

Correction: Avnet Data Security is separate company from tech distributor and integrator Avnet. 

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