Rockwell Automation (News - Alert) plans to acquire vMonitor for an undisclosed amount. The deal represents a growing interest in the oil and gas sector for Rockwell.
vMonitor provides wireless systems, including wireless wellhead monitoring systems. Among vMonitor’s other offerings are remote terminal units, gateways and modems, turn-key monitoring and control systems and services. Its wireless wellhead monitoring systems are located at over 6,000 oil and gas well sites.
The company’s technology is used at oil and gas wells, in pipelines, for pumping and lift stations, at refineries, and at tank farms, the company said. Its technology also is used by producers to “visualize the oil field and make decisions about how to improve production,” the Houston Business Journal explained.
The acquisition makes sense for both companies. “The oil and gas industry is one of the industries we are looking at acquisitions in,” John Bernaden, a Rockwell spokesman, told the Business Journal. “We are interested in automation and information technologies.”
Now, Rockwell provides “process automation services — which help companies reduce operating costs, monitor oil and gas flow and notify companies of new government regulations — for multiple facets of the oil and gas business, including production operations, pipeline and storage operations, and refining and petrochemical operations,” the Business Journal reported.
The world headquarters of vMonitor is in Abu Dhabi, United Arab Emirates. While its headquarters and technology center for North America are located in Houston. All together it has about 120 employees. After the deal closes around the end of the year, vMonitor will be part of Rockwell Automation’s Control Products & Solutions unit. Overall, Rockwell Automation has about 22,000 employees. Its headquarters is located in Milwaukee.
“Strategically, vMonitor’s world class digital oilfield technology and services, combined with our comprehensive portfolio of solutions, strengthen our ability to deliver end-to-end projects for the oil and gas sector,” Terry Gebert, vice president and general manager, Rockwell Automation Global Solutions, said in a statement.
“Equally important, vMonitor’s capabilities will accelerate our development of similar process solutions and remote monitoring services for water/wastewater, mining and other industries globally,” he added.
In addition, Rashed Saif Al Suwaidi, chairman of vMonitor, predicts their “customers will benefit from Rockwell Automation’s global solutions capabilities and complementary product lines to ensure we can collectively provide a seamless integrated solution.”
“Our employees will also join an innovative, fast-growing technology leader serving the worldwide oil and gas industry,” Suwaidi added.
Edited by Ryan Sartor