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Rockwell (ROK) Buys Fiix, To Offer Asset Maintenance Solutions

Nov 18, 2020 - Nasdaq
Mergers and Acquisitions-Financial Results

Rockwell Automation, Inc. ROK recently entered into an agreement to buy a Toronto-based Artificial Intelligence-enabled computerized maintenance management system (“CMMS”) company — Fiix Inc.

Fiix connects to business systems in an effort to drive data-driven decisions, while its cloud-native CMMS creates scheduling, organizing, and equipment maintenance workflows. The company’s revenues surged 70% in 2019.

The acquisition of Fiix will aid Rockwell’s customers to monitor an...