Rockwell to purchase assets from Harbin Jiuzhou Electric Co

Rockwell Automation has announced it will purchase the assets of the medium-voltage drives business of Harbin Jiuzhou Electric Co for approximately US$83 million.

Jiuzhou has been Rockwell’s contract manufacturer for seven years, in addition to its own well-established customer base. Rockwell says the acquisition will strengthen its Asia-Pacific motor control market presence by adding capabilities in design, engineering and manufacturing of medium-voltage drive products.

“This acquisition demonstrates an evolution and commitment to growing the long-term customer relationships we established as a contract manufacturer for Rockwell Automation,” said Dr Li Yin, chair of the Jiuzhou board. “Our customers will benefit from Rockwell Automation's advanced manufacturing, research and development capabilities and global distribution.

“Our employees will now join a successful, global leader in technology that offers a competitive and comprehensive product and service portfolio in the automation industry. We’re pleased to culminate our successful business relationship with Rockwell Automation.”

The purchase is expected to be completed in October.