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0.000431825542480854 0.000431825542480854 0.00133146208931593 0.00255460793839291 0.00725107056749089 0.0104897621360971 0.0155097340674368 0.0126848753103747
Stock impact report

AIT to Boost Product Portfolio With the Acquisition of Hydradyne [Yahoo! Finance]

Applied Industrial Technologies, Inc. (AIT) 
Last applied industrial technologies, inc. earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.applied.com/home
Company Research Source: Yahoo! Finance
Founded in Dallas, TX, Hydradyne specializes in fluid power and motion control systems. The company provides various products and services, including system design, fabrication, assembly, installation, repair and support for critical stationary and mobile equipment in various industrial and commercial sectors. It employs approximately 500 personnel across 33 locations in the Southeastern United States. This acquisition is in sync with AIT's policy of acquiring businesses to strengthen its business and expand its product portfolio and market share. The inclusion of Hydradyne's technical expertise will bolster AIT's fluid power offerings. It will enable the company to create cross-selling opportunities and expand its footprint in the strategic Southeast U.S. region. Applied Industrial expects the buyout to be cash-earnings per share accretive in the first 12 months of possession. The transaction is also expected to add $260 million in sales and $30 million in EBITDA. In May 2024, Show less Read more
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