Company History
Rockwell Automation was initially founded in 1903 as the Compression Rheostat Company by Lynde Bradley and Dr. Stanton Allen with an initial investment of $1,000. In 1910 the company was renamed the Allen-Bradley Company. In 1952 they opened a subsidiary in Galt, Ontario, Canada that now employs over 1000 people. In 1985 a new company record was set as they ended the fiscal year with 1 billion dollars in sales. On February 20, 1985 Rockwell International (now Rockwell Automation) purchased Allen-Bradley for $1.651 billion, which is the largest acquisition in Wisconsin's history.
Rockwell Automation spun off from Rockwell International in 2001. From there, Rockwell Automation went through a series of acquisitions, particularly Propack Data (now Rockwell Automation Solutions GmbH) in 2002, DataSweep in 2005, GEPA in 2006, ICS Triplex, ProsCon and Pavilion Technologies in 2007, and Incuity in 2008 and Lektronix Ltd in 2011. On January 31, 2007, Rockwell Automation sold off their PowerSystems Division which consists of Dodge mechanical and Reliance Electric motors with headquarters in Greenville, South Carolina to Baldor Electric Company.
Read more about this topic: Rockwell Automation
Famous quotes containing the words company and/or history:
“Is not disease the rule of existence? There is not a lily pad floating on the river but has been riddled by insects. Almost every shrub and tree has its gall, oftentimes esteemed its chief ornament and hardly to be distinguished from the fruit. If misery loves company, misery has company enough. Now, at midsummer, find me a perfect leaf or fruit.”
—Henry David Thoreau (1817–1862)
“The foregoing generations beheld God and nature face to face; we, through their eyes. Why should not we also enjoy an original relation to the universe? Why should not we have a poetry and philosophy of insight and not of tradition, and a religion by revelation to us, and not the history of theirs?”
—Ralph Waldo Emerson (1803–1882)