7/26/2023 0 Comments Sensia global schlumbergerSchlumberger is a provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 23,000 people serving customers in more than 80 countries. is dedicated to industrial automation and information, making its customers more productive and the world more sustainable. Rockwell Automation will discuss the joint venture during its presentations at the Citigroup Global Industrials Conference on Wednesday, Februand the Barclays Industrial Select Conference on Thursday, February 21, 2019. Following this investment, Rockwell Automation will maintain its strong financial flexibility and continue to support its capital allocation priorities, including organic growth and acquisitions, dividends, and share repurchases, and Rockwell Automation reaffirms its $1 billion share repurchase target for fiscal 2019. He is currently Director Global Technology - Systems and Solutions Business at Rockwell Automation.Īs part of the transaction, Rockwell Automation will make a $250 million payment to Schlumberger at closing, which will be funded by cash on hand. The management team will be led by Allan Rentcome, who will serve as Chief Executive Officer. Sensia is expected to generate annual revenue of $400 million, and will employ approximately 1,000 team members serving customers in more than 80 countries, with global headquarters in Houston, Texas. Under the terms of the agreement, Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. The transaction is expected to close, and the joint venture is expected to begin serving customers, in the summer of 2019, subject to regulatory approvals and other customary conditions. Rockwell Automation and Schlumberger announce Sensia joint ventureįebrurRockwell Automation and Schlumberger, a provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, announced that they have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider. It will offer scalable, cloud and edge-enabled process automation, including information and process safety solutions. The Sensia joint venture will be a fully integrated provider of measurement solutions, domain expertise, and automation to the oil and gas industry.
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