- Applied Industrial Technologies ( NYSE: AIT ) said Wednesday it acquired Automation Inc. , which provides automation products, services, and engineered solutions.
- Terms were not disclosed.
- Automation Inc. is based in Minneapolis, Minnesota and serves customers across pharmaceutical, manufacturing, life sciences, consumer products, and other sectors.
- "The addition of Automation Inc. will expand our footprint across key verticals and geographies, while supplementing our value-added services and cross-selling efforts. Overall, we see significant potential and synergies building across our automation platform that stand to enhance growth and earnings potential long term," said Applied Industrial ( AIT ) CEO Neil Schrimsher.
For further details see:
Applied Industrial Technologies acquires Automation Inc; terms not disclosed