Rockwell Automation acquires Israel’s Avnet to expand cyber security expertise
Rockwell Automation, Inc. has agreed to acquire privately held Avnet Data Security, Ltd, an Israeli-based cyber security provider with more than 20 years of experience providing cyber security services. Avnet offers a full set of IT/OT (information & operations technology) cyber services and solutions ranging from assessments, penetration testing, network & security solutions, and training to converged IT/OT managed 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,” says Frank Kulaszewicz, senior vice president, Control Products & Solutions at Rockwell Automation.
Cybersecurity is one of the growing parts of Rockwell Automation’s services business. As the manufacturing industry has evolved and become more connected than ever before, legacy physical security strategies are no longer enough to protect production operations.
To help our customers develop, maintain, and evolve proactive cybersecurity strategies, Rockwell Automation provides a comprehensive set of services and solutions. The extensive knowledge and experience of the Avnet team will support Rockwell Automation’s strategic objective to achieve double digit growth in Information Solutions and Connected Services by expanding our IT/OT cyber and network expertise globally.
“We are excited to join Rockwell Automation to further expand their already robust cyber offering,” says Igal Cohen, CEO of Avnet. “We are continuing to serve our existing clients while expanding our reach to service a much broader range of customers. Our passion and mission have always been to help as many organisations as possible secure their data from internal and external threats.”
Terms of the deal have not yet been disclosed. The transaction is likely to close in the current year, subject to customary closing conditions, and the deal is not expected to impact Rockwell’s financial results for this year.