Applied Industrial Technologies Acquires Advanced Control Solutions
Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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Source: Business Wire
Expands Automation Offering & Geographic Reach CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it has acquired Advanced Control Solutions (“ACS”), a provider of automation products, services, and engineered solutions focused on machine vision equipment and software, mobile and collaborative robotic solutions, intelligent sensors, logic controllers, and other related equipment. Terms of the transaction were not disclosed.“The addition of ACS extends and enhances our automation offering by providing next generation automation solutions through emerging technologies and specialized engineering services,” said Neil A. Schrimsher, President & Chief Executive Officer for Applied. “Their strong Southeast presence brings established customer relationships and supplier partnerships, plus an experienced team with valuable capabilities including state-of-the-art automation training and machine vision engineering expertise.”Founded in 1998, ACS and its t
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