Rockwell Automation to Acquire vMonitor, a Global Technology Leader for Wireless Solutions Connecting the Digital Oilfield
October 29, 2013 - Milwaukee, United States
Rockwell Automation, Inc. (NYSE: ROK) today announced that it has agreed to purchase vMonitor, a global technology leader for wireless solutions in the oil and gas industry.
vMonitor is a leader in creating the Digital Oilfield with thousands of wellheads currently under constant supervision at remote control centers similar to the one above. (Photo: Business Wire)
vMonitor is a pioneer in Digital Oilfield implementation and remote operations worldwide. It delivers innovative monitoring and control solutions for wellhead and upstream applications that combine cutting-edge wireless instrumentation and communication with visualization software to help customers make more informed decisions and improve production.
vMonitor has the world’s largest installed base of wireless wellhead monitoring systems for natural and artificially lifted wells with more than 6,000 well sites for major oil and gas companies around the world.
“Strategically, vMonitor’s world class digital oilfield technology and services, combined with our comprehensive portfolio of solutions, strengthen our ability to deliver end-to-end projects for the oil and gas sector,” said Terry Gebert, vice president and general manager, Rockwell Automation Global Solutions.
“Equally important, vMonitor’s capabilities will accelerate our development of similar process solutions and remote monitoring services for water / wastewater, mining and other industries globally,” said Gebert.
“Our customers will benefit from Rockwell Automation’s global solutions capabilities and complementary product lines to ensure we can collectively provide a seamless integrated solution,” said Rashed Saif Al Suwaidi, chairman of vMonitor. “Our employees will also join an innovative, fast-growing technology leader serving the worldwide oil and gas industry.” vMonitor has about 120 employees at offices located in Houston, Mumbai, Abu Dhabi, and other Middle East locations.
The company’s technologies include an all-wireless portfolio of wellhead sensors and transmitters, remote terminal units, gateways and modems, as well as turn-key monitoring and control systems and services. These offerings cover a broad range of applications from oil and gas wells, pipelines, pumping and lift stations, to refineries and tank farms.
The acquisition is expected to close within two months. vMonitor will then become part of Rockwell Automation’s Control Products & Solutions operating segment.
Rockwell Automation will showcase vMonitor at its 2013 Automation Fair event to be held Nov. 13-14 in Houston, Texas, USA. Attendees will have the opportunity to view a control room simulation, a remote terminal unit, and packaged solutions.
Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs about 22,000 people serving customers in more than 80 countries.
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CONTACTS : Rockwell Automation Media Relations John A. Bernaden, 414-382-2555 or Rockwell Automation Investor Relations Rondi Rohr-Dralle, 414-382-8510
Source: Business Wire India