Applied Industrial Technologies Expands with Hydradyne Acquisition
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The latest announcement is out from Applied Industrial Technologies ( (AIT) ).
Applied Industrial Technologies has announced a definitive agreement to acquire Hydradyne, LLC for $272 million, marking a strategic expansion of its Engineered Solutions segment. Hydradyne, a leading U.S. distributor specializing in fluid power and motion control systems, operates 33 locations across the Southeastern U.S. The acquisition is expected to bring $260 million in sales and $30 million in EBITDA within the first year, enhancing Applied’s market reach and technical capabilities. This move underscores Applied’s commitment to innovation and growth in the fluid power sector.
See more data about AIT stock on TipRanks’ Stock Analysis page.
Trending Articles
TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions.