Rockwell Automation formally announced its planned purchase of Digital Oilfield solution provider vMonitor at this year’s ADIPEC, in keeping with its plans to strengthen business in the oil and gas sector in the Middle East
The acquisition agreement, sealed with a handshake between the companies’ top executives at the Abu Dhabi oil and gas show, is set to close within two months when vMonitor will become part of Rockwell Automation’s Control Products & Solutions operating segment.
Terry Gebert, vice president and general manager of Rockwell Automation’s Systems and Solutions Business, said, “vMonitor has great technology, a great employee base and it expands our footprint in the Middle East as well.”
By acquiring vMonitor – a leading provider of wireless wellhead monitoring systems and Digital Oilfield solutions currently working on more than 6,000 well sites globally – Rockwell will enhance the range of services it can provide its clients.
Gebert said, “Combined with our comprehensive portfolio of solutions, [the acquisition] strengthens our ability to deliver end-to-end projects for the oil and gas sector.”
Hedwig Maes, Rockwell Automation’s president of Europe, Middle East and Africa region, commented, “It gives us an opportunity, with the technology, to go into some other industries in the process.
“We are thinking about the water industry and we are thinking about mining. These are other industries where we can leverage the technology of vMonitor.”
Meanwhile, the purchase allows vMonitor to benefit from a partnership with a leading global industrial automation and information company with customers in more than 80 countries.
vMonitor chief operating officer H. Sami Suheil said, “There are lots of benefits, but just from a very narrow perspective, it’s that ability to go beyond what our focus has been and provide solutions to our clients that also go down into the processing facilities and the transportation networks.”
In August Rockwell Automation voiced its intention to continue its growth in the oil and gas sector and strengthen its position in the Middle East after securing a number of contracts, including a technical upgrade of a gas terminal and a semi-submersible rig.