Rockwell Automation, Inc. (NYSE:ROK) signed an agreement to acquire Clearpath Robotics Inc. on September 5, 2023. The acquisition will be funded by a portion of the proceeds from the sale of Rockwell?s investment in PTC. Transaction is subject to customary regulatory approval and is expected to close in the first quarter of Rockwell?s fiscal year 2024.

At close, Clearpath will report to Rockwell?s Intelligent Devices operating segment. Goldman Sachs & Co. LLC acted as financial advisor to Rockwell Automation, Inc. Evercore Partners Canada Ltd. acted as financial advisor to Clearpath Robotics Inc.