Rockwell Automation acquires CMMS company Fiix Inc.
Rockwell Automation has announced that it has entered into an agreement to acquire Fiix Inc., a privately held, AI-enabled computerised maintenance management system (CMMS) company. Fiix, founded in 2008, is headquartered in Toronto, Ontario, Canada.
As the number of industrial connected assets multiplies, the ability to gain insights from maintenance operations is becoming increasingly important to a manufacturer’s ability to gain competitive advantage. This insight enables another level of productivity in addition to the core automation.
Fiix is the software-as-a-service (SaaS) maintenance management platform that combines mobile asset management, work order and parts management. Its cloud-native CMMS creates workflows for the scheduling, organising and tracking of equipment maintenance. The company says it connects seamlessly to business systems and drives data-driven decisions. Fiix has more than 2 million assets under management and creates more than 6 million work orders a year.
“We believe that the future of industrial asset management is performance-based,” said Tessa Myers, vice president, product management, Software & Control, for Rockwell Automation. “With the addition of the Fiix platform and expertise, our customers will benefit from a 360-degree view of integrated data across automation, production and maintenance, helping them to monitor and improve the performance of their assets and optimise how maintenance work is done.”
“From the beginning, Fiix has been on a mission to connect maintenance and operations teams to the tools, resources and technology they need to modernise and join the future of maintenance,” said James Novak, Fiix CEO. “Joining Rockwell Automation will allow us to help even more companies modernise maintenance and increase asset performance by connecting to industry-leading data, automation and production systems.”
The addition of Fiix directly aligns with Rockwell Automation’s software strategy. It also enhances Rockwell Automation’s capabilities in its Lifecycle Services business, which provides a range of industrial automation services.
Fiix will be reported as part of Rockwell Automation’s Software & Control operating segment. The transaction is expected to close by the end of the 2020 calendar year, subject to customary approvals and conditions.
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