Milwaukee-based Rockwell Automation Inc. has entered an agreement to acquire oil and gas wireless solutions company vMonitor.
The company, based in United Arab Emirates, makes monitoring and control solutions for wellhead and upstream use in digital oilfield implementation and remote operations. The technology allows oil and gas companies to gain more information and increase output.
vMonitor has provided wireless wellhead monitoring systems for more than 6,000 well sites across the globe. The company has about 120 employees.
“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,” said Terry Gebert, vice president and general manager of Rockwell Automation Global Solutions. “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.”
The acquisition is expected to close by the end of the year, at which time vMonitor will join the Control Products & Solutions division of Rockwell.
“Our customers will benefit from Rockwell Automation’s global solutions capabilities and complementary product lines to ensure we can collectively provide a seamless integrated solution,” said Rashed Saif Al Suwaidi, chairman of vMonitor. “Our employees will also join an innovative, fast-growing technology leader serving the worldwide oil and gas industry.”
