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Article: Rockwell Automation to Acquire Anorad Corporation
- Article from:
- PR Newswire
- Article date:
- September 8, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Strategic Move will Strengthen Rockwell Automation's Position in the High
Growth Motion Control Market
MILWAUKEE, Sept. 8 /PRNewswire/ -- Automation leader Rockwell Automation, a business of Rockwell International Corporation (NYSE: ROK), announced today it has signed a definitive agreement to acquire Anorad Corporation of Hauppauge, N.Y., the world leader in linear motor-based precision positioning equipment.
The transaction, which is subject to customary regulatory approvals, is expected to be completed this fall. Terms of the acquisition were not disclosed.
"As part of our long-term strategy to become ...