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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sat., Apr. 27, 6:44 PM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

This Slide: #41 of 100

Slide #41. Applied Industrial Technologies — Texas Oilpatch Services Corporation

Acquirer: Applied Industrial Technologies (NYSE:AIT)
Acquiree: Texas Oilpatch Services Corporation
Details: Applied Industrial Technologies (NYSE: AIT) today announced it has acquired Texas Oilpatch Services Corporation (TOPS) of Houston, Texas. TOPS is a distributor of bearings, oil seals, power transmission products, and related replacement parts to the oilfield industry. While the terms of the sale were not disclosed, the transaction will be accretive in the current fiscal year.

Applied Industrial Technologies is a distributor and solutions provider of industrial motion, power, control, and automation technologies. Co.'s segments are Service Center Based Distribution and Engineered Solutions. Co.'s Service Center Based Distribution segment provides products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Co.'s Engineered Solutions segment focuses on distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services, as well as automation solutions, including machine vision.

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AIT — Key Stats (updated Fri., Apr. 26, 10:29 AM)
Company Name:  Applied Industrial Technologies, Inc.
Website:  www.applied.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding AIT:  62
Total Market Value Held by ETFs:  $1.36B
Total Market Capitalization:  $7.20B
% of Market Cap. Held by ETFs:  18.83%
 

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April 27, 2024  •  6:44 PM Eastern
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