ICS Triplex bought for £110m
Rockwell Automation announced today that it has reached an agreement to acquire Industrial Control Services Group Limited (ICS) for £110m in cash.
ICS trades and does business as ICS Triplex, a global supplier of critical control and safety solutions to process industries worldwide.
ICS Triplex annual revenues are projected to be approximately £70m for their current fiscal year. Rockwell Automation expects the transaction to be slightly dilutive to earnings per share in the first full fiscal year and accretive thereafter.
Headquartered in
,
, ICS Triplex has more than 500 employees and operations across Europe, the Middle East, Asia and
.
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