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Rockwell pays USD 1 bln for stake in PTC

2018-06-11 16:53:00| Telecompaper Headlines

(Telecompaper) Rockwell Automation will pay USD 1 billion for an 8.4 percent stake in Boston-based PTC. When the transaction completes, Rockwell Automation CEO Blake Moret will join PTC's board of directors and the two companies will combine their resources, technologies, industry expertise and market presence.

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