ROK · 10-K · 2026A · Full report

Sensia Joint Venture Dissolution

ROCKWELL AUTOMATION, INC · 2026-11-12 · Importance 36 · Surprise 42 · In source text

Rockwell and its Sensia joint venture partner decided in the fourth quarter of fiscal 2025 to pursue an orderly dissolution after Sensia’s historical financial performance fell short of expectations. The decision led to a $63 million pre-tax, non-cash intangible asset impairment charge and a separate $161 million pre-tax, non-cash goodwill impairment charge in fiscal 2025. The partners signed a separation agreement in December 2025, the disposal group was classified as held for sale in the first quarter of fiscal 2026, and the transaction closed April 1, 2026. Sensia had been included in Lifecycle Services, and following dissolution no Sensia-related intangible assets remained.

Key facts

• The Sensia joint venture partners signed a separation agreement in December 2025, including a plan for distribution of joint venture assets and related terms and conditions. source
• After the Sensia goodwill impairment, Rockwell’s consolidated goodwill balance was $3,839 million at September 30, 2025, with no remaining goodwill in the Sensia reporting unit. source
• Rockwell Automation completed the dissolution of the Sensia joint venture on April 1, including divestiture of certain businesses to the joint venture partner. source
• In the fourth quarter of fiscal 2025, the Sensia joint venture partners decided to pursue an orderly dissolution following historical financial performance that did not achieve expectations; the decision led to downward revisions to growth and profitability projections. source
• After the 2025 Sensia intangible asset impairment, Rockwell’s consolidated intangible asset balance was $864 million at September 30, 2025, including $58 million of identifiable intangible assets in the Sensia reporting unit. source
• In December 2025, the $75 million Sensia line of credit matured and was closed; outstanding debt was settled with loans from the joint venture partners, and SLB assumed its interest-bearing loans to Sensia upon dissolution. source
• Rockwell recorded a $161 million pre-tax, non-cash goodwill impairment charge for Sensia as of September 30, 2025. source
• The Sensia dissolution transaction closed on April 1, 2026; following dissolution, no Sensia-related intangible assets remained. source

Impact estimates