Applied Industrial Technologies acquires Fluid Power Sales

|About: Applied Industrial Tech... (AIT)|By:, SA News Editor

Applied Industrial Technologies (NYSE:AIT) has acquired Fluid Power Sales for an undisclosed term.

“The addition of FPS provides a strong strategic fit that further enhances our Fluid Power market leadership,” said Neil A. Schrimsher, President & Chief Executive Officer for Applied. “Their innovative products, custom solutions and deep hydraulic knowledge strengthen our technical and differentiated product portfolio for continued growth.”

The business will continue to operate under the Fluid Power Sales name.

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