The company claims nearly 700 manufacturer customers are used in industries such as aerospace, automotive, industrial manufacturing, and food & beverage in 29 countries and manages over 8 billion transactions each day. The DemandCaster business unit for cloud supply chain planning reached a 53% jump in ARR. In 2020 the company reported that it achieved its 11th consecutive year of double-digit revenue growth in 2019. Francisco Partners acquired Plex from buyout firm Apax Partners in 2012. Rowe Price (which led a $ 50 million round of investment in the company in 2014, when the company was valued at $500 million ) and Accel Partners. Based in Troy, Michigan, Plex has roughly 500 employees, with around 200 working on product development. The company was founded in 1995 and raised a total of $186.5 million in funding, according to Crunchbase. Key offerings include the Smart Manufacturing Platform, the company’s cloud-based production automation software solution. Plex is a provider of cloud-based manufacturing execution software (MES) solutions. The deal itself will be financed with $300 million of cash on hand and $1.9 billion of new debt, about half of which will be short-term debt.
Milwaukee-based Rockwell Automation Inc., a provider of industrial automation and control systems, announced the acquisition of Troy, Michigan-based Plex Systems for a total of $2.22 billion.
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