Applied Industrial Technologies (AIT) Acquires Automation
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Applied Industrial Technologies Acquires Automation, Inc.
November 2, 2022 8:30 AM EDTContinuing Strategic Expansion of Automation Solutions
CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of Automation, Inc., a provider of automation products, services, and engineered solutions focused on machine vision, collaborative and mobile robotics, motion control, intelligent sensors, pneumatics, and other related products and solutions. Terms of the transaction were not disclosed.
Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented Todays announcement represents another key step in the continued expansion of our next generation automation offering. Automation, Inc. is a leading... More
