Actuant (ATU) Acquires Australian Oil & Gas Equipment Maker Jeyco
Up)
Actuant Corporation (NYSE: ATU) has acquired Jeyco Pty Ltd.
Headquartered near Perth, Australia, Jeyco designs and provides specialized mooring, rigging and towing systems and services to the offshore oil & gas industry in Australia and other international markets. Additionally, its highly engineered products are used in a variety of applications for other markets including cyclone mooring and marine, defense and mining tow systems.
Jeyco generates annual revenues of approximately $20 million. Other financial terms were not disclosed.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Headquartered near Perth, Australia, Jeyco designs and provides specialized mooring, rigging and towing systems and services to the offshore oil & gas industry in Australia and other international markets. Additionally, its highly engineered products are used in a variety of applications for other markets including cyclone mooring and marine, defense and mining tow systems.
Jeyco generates annual revenues of approximately $20 million. Other financial terms were not disclosed.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- The Talbots (TLB) Slammed As Sycamore Partners Pulls Out of Deal
- Facebook (FB) Could Boost Revs with This Potential Acquisition...
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
