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An announcement from Applied Industrial Technologies ( (AIT) ) is now available.
Applied Industrial Technologies announced the completion of its acquisition of Hydradyne, LLC, a provider of fluid power solutions, enhancing its distribution position in the U.S. The acquisition is expected to contribute significantly to Applied’s sales and EBITDA, with anticipated growth and operational momentum, and will be accretive to EPS within the first year.
More about Applied Industrial Technologies
Applied Industrial Technologies is a leading distributor and technical solutions provider specializing in industrial motion, fluid power, flow control, and automation technologies. The company serves MRO and OEM applications across various industrial markets, offering a wide range of products and specialized services.
Average Trading Volume: 259,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.21B
See more insights into AIT stock on TipRanks’ Stock Analysis page.