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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.
