Clearwater has advised CUBIC, the specialist in modular systems for electrical panels, on its sale to the world’s largest company dedicated to industrial automation and digital transformation, Rockwell Automation (Rockwell).
CUBIC was founded in 1973 in Brønderslev, Denmark, where it is still headquartered, and is a leading specialist within flexible modular enclosure systems for the construction of electrical panels, in fast-growing industries such as renewable energy, data centres and power plants. The company has an extensive client network within Europe, Asia, and Latin America, alongside production activity in Poland, India, and China. Through this strong global footprint, they employ around 500 people across the globe.
Rockwell is headquartered in Milwaukee, Wisconsin, and a global leader in industrial automation and digital transformation. They serve clients in more than 100 countries around the world and are listed on the stock exchange.
This partnership combines CUBIC’s expertise in modular systems, with Rockwell’s devices and industry knowledge. It will offer clients faster time to market, enabling broader plant-wide applications for intelligent motor control, generating smart data to increase sustainability and productivity. As a result, Rockwell will strengthen its position in Europe, Asia and Latin America, broadening market access within renewable energy and data centre solutions.
The transaction is subject to customary regulatory approval and is expected to close by the end of 2022.
