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Press Release
Rockwell Automation to Acquire Rutter Hinz, a Leading Engineering Company
Acquisition will accelerate company growth and expand reach in Canadian oil and gas and heavy industries market
MILWAUKEE--(BUSINESS WIRE)--Feb. 10, 2009--
Rockwell Automation, Inc. (NYSE: ROK) today announced it has agreed to
purchase the majority of the assets of Rutter Hinz Inc., a leading
engineering company. Rutter Hinz is a wholly owned subsidiary of Rutter
Inc., a publicly held Canadian company. Headquartered in Saskatoon,
Canada, Rutter Hinz’s annual sales are approximately $35 million (U.S.).
Terms of the transaction were not disclosed.
Rutter Hinz has engineering expertise in industrial automation, process
control and power distribution, specifically for the oil and gas
industry, in addition to the pipeline, utility, mining, forestry and
food and beverage sectors. The company’s management team and
approximately 220 employees will join Rockwell Automation’s Systems &
Solutions business unit.
“This acquisition accelerates the growth of Rockwell Automation’s
business and reach in Canada’s heavy industries and oil and gas market,
enhances our Canadian oil sands opportunities, and establishes a robust
delivery capability in a major market with critical expertise,” said
Terry Gebert, vice president and general manager, Rockwell Automation
Systems & Solutions.
“Rutter Hinz customers will continue to receive the high level of
service they currently enjoy,” said Ryan Hinz, Rutter Inc. president and
CEO.
“This acquisition continues to strengthen our global project management
and engineering solutions delivery capability – as we have done with
ProsCon and ICS Triplex acquisitions in Europe, CIE in Latin America,
and Xi'An Hengsheng in China,” Gebert added. “Customers will now benefit
from the expanded portfolio of application solutions, expertise and
delivery capacity that Rutter Hinz offers, particularly to the oil and
gas market.”
The acquisition includes Rutter Hinz’s engineering and automation
businesses in Canada and the United States, but not its Newfoundland
consulting engineering business or the assets of Rutter Technologies
Inc. These operations will continue as part of Rutter Inc.
Rutter Hinz has eight offices in Canada and two in the U.S.
The acquisition is expected to close during the current quarter.
Rockwell Automation, Inc. (NYSE: ROK), is a leading global
provider of industrial automation power, control and information
solutions that help manufacturers achieve a competitive advantage in
their businesses. The company brings together leading global brands in
industrial automation which include Allen-Bradley® controls and services
and Rockwell Software® factory management software. Headquartered in
Milwaukee, Wis., the company employs about 21,000 people serving
customers in more than 80 countries.
Source: Rockwell Automation, Inc.
Rockwell Automation
John A. Bernaden
Media Relations
414-382-2555
or
Rondi
Rohr-Dralle
Investor Relations
414-382-8510