Rockwell Automation

September 01, 2005 09:01 ET

Rockwell Automation Acquires Canadian Motor Service Center; Expands Opportunities Serving Canadian ''Oil Sands'' Industry

MILWAUKEE--(CCNMatthews - Sep 1, 2005) -

Rockwell Automation, Inc. (NYSE:ROK) today announced the acquisition of Quality Rewind & Electric, Inc.'s leading motor repair and motor management business based in Ft. McMurray, Alberta, Canada. The acquisition provides Rockwell Automation with an established services business well positioned to expand opportunities in the Canadian "oil sands" industry. Capital spending in this growing market is projected to reach $25 billion through 2015. Terms of the transaction were not disclosed.

"The Canadian oil sands industry represents an important growth initiative for Rockwell Automation. This strategic acquisition enables us to better serve customers with a broader portfolio of solutions to meet their needs in this rapidly growing market," said Rockwell Automation Power Systems President Joseph D. Swann.

Quality Rewind, a privately held business, has been the only major motor repair/rewind service in the Canadian oil sands region where it holds a strong market position. An existing direct sales force and team of embedded motor management specialists will aid in ongoing market penetration for Rockwell Automation. Operations will continue in the existing Quality Rewind facility in Ft. McMurray, Alberta.

Quality Rewind's strong local market knowledge, established customer relationships and a rapid response service capability extends Rockwell Automation's Reliance Electric™, Dodge®, and Allen-Bradley® brand products and services into manufacturing businesses serving the oil sands industry. This coverage will complement Rockwell Automation's successes in serving the Canadian oil sands producers. For example, since 2003 Rockwell Automation has been contracted by Albian Sands Energy Inc. to provide a wide range of products to help increase production at the company's Ft. McMurray oil sands site in Alberta. The orders include Reliance Electric motors and Allen-Bradley medium voltage drives.

This news release contains statements (including certain projections and business trends) that may be accompanied by such phrases as "believe", "estimate", "expect", "anticipate", "will", "intend" and other similar expressions, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to, the following:

-- economic and political changes in global markets where we compete, such as currency exchange rates, inflation rates, recession, foreign ownership restrictions and other external factors we cannot control;

-- demand for and market acceptance of new and existing products;

-- levels of capital spending in industrial markets;

-- the availability and price of components and materials;

-- successful development of advanced technologies;

-- the availability, effectiveness and security of our information technology systems;

-- competitive product and pricing pressures;

-- disruption of our operations due to natural disasters, strikes, terrorism, or other causes;

-- intellectual property infringement claims by others and the ability to protect our intellectual property;

-- regulatory and legislative changes related to the reporting and funding of pension and health care obligations;

-- successfully addressing claims by taxing authorities resulting from cross-border global business operations;

-- the ability to attract and retain qualified personnel to support initiatives;

-- the uncertainties of litigation; and

-- other risks and uncertainties, including but not limited to those detailed from time to time in our Securities and Exchange Commission filings.

These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Rockwell Automation, Inc. (NYSE:ROK), is a leading global provider of industrial automation power, control and information systems and services that help manufacturers achieve a competitive advantage in their businesses. The company brings together leading brands in industrial automation, including Allen-Bradley controls and services, Dodge mechanical power transmission products, Reliance Electric motors and drives, and Rockwell Software factory management software. Headquartered in Milwaukee, Wis., the company employs about 22,000 people serving customers in more than 80 countries.

Contact Information

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