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Slide #91. Actuant Corporation — Viking SeaTech
Actuant Corporation (ATU)
Actuant Corporation (NYSE:ATU) announced today the completion of its acquisition of Viking SeaTech ("Viking"). Total consideration for the previously announced transaction was 150 million (approximately $225 million) which was funded from the Company's cash and revolving credit facility.
Actuant designs, manufactures and distributes a range of industrial products and systems to various end markets. Co. has two operating segments: Industrial Tools and Services and Engineered Components and Systems. Co.'s Industrial Tools and Services segment is a supplier of both products and services to an array of end markets, including the industrial, energy, mining and production automation markets. Co.'s Engineered Components and Systems segment is a designer, manufacturer and assembler of system critical position and motion control systems, ropes, cables and umbilicals, and other customized industrial components to various vehicle, construction, agricultural and other niche markets.
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Hold (1.67 out of 4)
(ranked lower than approx. 66% of all stocks covered)
Based on Zacks ABR data;
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