Applied Industrial Technologies Announces Closing of Grupo Kopar Acquisition [Yahoo! Finance]
Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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US:NYSE Investor Relations:
ir.applied.com/home
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Source: Yahoo! Finance
Kopar (Kopar), a provider of emerging automation technologies and engineered solutions. Kopar is based in Monterrey, Mexico. The acquisition closed on May 1 st and terms of the transaction were not disclosed. Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, "We are pleased to officially welcome Kopar to Applied. This acquisition represents a key strategic step in the expansion of our automation platform with the extension of our footprint into Mexico. Kopar is a leader in the markets they serve and has strong alignment with our strategy focused on high-value robotics, machine vision, and IoT applications. They bring established customer and supplier relationships along with an experienced team of approximately 200 associates highly regarded for their technical and application expertise. We expect Kopar to drive solid momentum across our scaling automation position in North America, including positively influencing our sales and earnings growth into fis
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- 4/25/24 - Beat
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