Actuant concludes $225M deal for Viking SeaTech

|About: Actuant Corporation (ATU)|By:, SA News Editor

Actuant (ATU +0.4%) closes its acquisition of Viking SeaTech.

The total value of the deal is ~$225M and was funded from ATU's cash and revolver.

ATU will provide an update regarding the deal's projected impact on earnings when FQ4 results are released October 1. (PR)