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Rockwell Automation to Acquire ICS/OT Security Firm Verve Industrial

Rockwell Automation agreed to acquire ICS/OT cybersecurity firm Verve Industrial Protection to expand its offerings.

Industrial giant Rockwell Automation announced on Monday that it has signed a definitive agreement to acquire Verve Industrial Protection, a cybersecurity company specializing in industrial control systems (ICS) and operational technology (OT).

Verve’s managed OT/ICS security platform provides asset inventory, vulnerability management, patch management, configuration management, SIEM, incident response, and backup and restore capabilities.

In addition, the company provides network segmentation, vulnerability assessment, system hardening, automation engineering, and consulting services. 

The deal enables Rockwell Automation to expand and strengthen its offering.

Financial details have not been disclosed. The acquisition is expected to close in the first quarter of Rockwell’s 2024 fiscal year. Once the deal has been completed, Verve will be part of Rockwell’s Lifecycle Services unit.

“With the Verve acquisition, our customers can quickly assess their assets, prioritize risk, and apply countermeasures to mitigate vulnerabilities – all within a single platform,” said Matt Fordenwalt, Rockwell’s senior vice president of Lifecycle Services. “The addition of Verve to our suite of solutions allows customers to further build resiliency and continuously improve the security, safety, and availability of their operations.”

Half a dozen of the M&A deals announced in 2022 involved industrial cybersecurity companies, according to data from SecurityWeek’s M&A tracker. Only a couple of deals announced to date in 2023 involved ICS security solutions providers. 

Related: Cybersecurity M&A Roundup: 28 Deals Announced in September 2023

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Related: SecurityWeek Analysis: Over 210 Cybersecurity M&A Deals Announced in First Half of 2023

Related: Socure Acquires ID Verification Company Berbix for $70 Million

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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