Transaction expands global reach for intelligent motor control center offering SINGAPORE, Nov. 2, 2022 /PRNewswire/ Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, announced that it has completed the acquisition of CUBIC, a company that specializes in modular systems for the construction of electrical panels. CUBIC, founded in 1973, serves fast-growing industries such as renewable energy, data centers, and infrastructure, and is headquartered in Bronderslev, Denmark. CUBIC will be reported as part of Rockwell's Power Control Business in the Intelligent Devices operating segment. "This acquisition strengthens our portfolio of leading intelligent motor control technologies. We are excited to welcome the CUBIC team with their expertise in structural design, power systems, and global standards to Rockwell," said Bob Buttermore, vice president and general manager of Rockwell's Power Cont
The U.S. Department of the Interior (DOI) has canceled two mineral leases near the Boundary Waters owned by Twin Metals, saying their renewal three years ago was illegitimate.