MILWAUKEE and HOUSTON– Rockwell Automation and Schlumberger have entered into an agreement to create a joint venture named Sensia.
The transaction is expected to close in the summer of 2019, subject to regulatory approvals and other customary conditions.
The joint venture is said to be the first fully integrated provider of measurement solutions, domain expertise, and automation to the oil and gas industry. It will offer scalable, cloud and edge-enabled process automation, including information and process safety solutions. From intelligent systems to fully engineered life-cycle management automation solutions, the joint venture will help drive efficiency gains through measurement and data driven intelligent automation.
Under the terms of the agreement, Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. The company will have about 1,000 employees serving customers in more than 80 countries, with global headquarters in Houston.
Allan Rentcome will serve as CEO. He is currently Director Global Technology - Systems and Solutions Business at Rockwell Automation.