Applied Industrial Technologies Inc AIT:NYSE

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Applied Industrial Technologies Buys Advanced Control Solutions for Undisclosed Sum

7:04AM ET 10/07/2020 MT Newswires
Applied Industrial Technologies (AIT), a distributor of industrial equipment, said Wednesday it has acquired Advanced Control Solutions, a provider of automation products and services, for an undisclosed amount.

Applied Industrial Technologies CEO Neil A. Schrimsher said the acquisition will help extend and enhance the company's automation offering "by providing next-generation automation solutions through emerging technologies and specialized engineering services."

Schrimsher also noted the deal expands the company's geographic reach. "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," he said.

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