PTC and Rockwell Automation Deepen Partnership to Accelerate Next-Gen Manufacturing

Factory automation is a market dominated by leading European and Japanese companies, but Rockwell Automation (NYSE: ROK) isn't far behind. One way for it to close the gap is its partnership with U.S. industrial software company PTC (NASDAQ: PTC), and on Wednesday, PTC and Rockwell announced an "expansion and early extension" of their existing alliance.

The latest agreement means PTC's product life-cycle management (PLM) and software-as-a-service (SaaS) solutions will now be included, while PTC will offer Rockwell's virtual machinery simulation and testing software to its customers and partners.

Image source: Getty Images.

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Source Fool.com