Rockwell Automation and Schlumberger Announce Closing of Sensia Joint Venture

Published: 10/02/2019

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HOUSTON, October 2, 2019—Rockwell Automation (NYSE: ROK) and Schlumberger (NYSE: Ä¢¹½´«Ã½) today announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider.

The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market.

“Sensia will make industrial-scale digitalization and seamless automation available to every oil and gas company so their assets can operate more productively and profitably,” said Allan Rentcome, Chief Executive Officer of Sensia. “It will make oil and gas

Headquartered in Houston, Texas, Sensia is projected to generate initial annual revenue of $400 million and employ approximately 1,000 employees.

Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. Rockwell Automation made a $250 million cash payment to Schlumberger at closing.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 23,000 people, serving customers in more than 80 countries.

About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling,

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $32.82 billion in 2018. For more information, visit www.slb.com.

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This press release contains “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts, such the expected benefits of the joint venture; future opportunities for the joint venture and its products and services; and the parties’ or the joint venture’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance. These statements are subject to risks and uncertainties, including, but not limited to, global economic conditions; changes in exploration and

For further information, contact:

Investor Contacts

Jessica Kourakos – Investor Relations, Rockwell Automation
Office: +1 (414) 382-8510

Simon Farrant – Vice President of Investor Relations, Schlumberger Limited 
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office: +1 (713) 375-3535
investor-relations@slb.com

Media Contacts

Ike Umunnah – Director, Global Public Affairs, Rockwell Automation
Office: +1 (414) 382-5679
itumunna@ra.rockwell.com

Joao Felix – Director of Corporate Communication, Schlumberger Limited
Office: +1 (713) 375-3535
communication@slb.com