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Stock impact report

Enerpac Tool Group Announces Acquisition of DTA

Enerpac Tool Group Corp. (EPAC) 
Last enerpac tool group corp. earnings: 3/19 08:30 am Check Earnings Report
Company Research Source: GlobeNewswire
MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) (“Enerpac” or the “Company”) announced today that it completed the acquisition of Madrid, Spain-based DTA The Smart Move, S.A. (“DTA”), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The purchase price is €24 million plus potential for a three-year earn-out tied to the achievement of certain financial objectives. The purchase price will be funded with a combination of cash on hand and borrowings from the Company’s credit facility. The acquisition of DTA advances Enerpac Tool Group’s pure-play industrial tools and solutions strategy by adding automated on-site horizontal movement products to its Heavy Lifting Technology (HLT) portfolio and capitalizes on the trend towards greater automation in manufacturing and other industrial processes. DTA’s products, technology, and capabilities will also expand Enerpac’s solutions offe Show less Read more
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