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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sat., Apr. 17, 8:47 AM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

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, and control technologies. Co.'s reportable segments are service center based distribution and fluid power and flow control. 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 Fluid Power & Flow Control segment focuses on distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services. The segment also focuses on robotic and machinery automation solutions.

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Company Name: 
Applied Industrial Technologies, Inc.
Website: 
www.applied.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding AIT: 
60
Total Market Value Held by ETFs: 
$865.74M
Total Market Capitalization: 
$3.63B
% of Market Cap. Held by ETFs: 
23.84%
 

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Strong Buy (4.00 out of 4)
99th percentile
(ranked higher than approx. 99% of all stocks covered)

Analysts' Target Price:
AIT Stock Forecast

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