Applied Industrial Technologies to Acquire Hydradyne, LLC
Applied Industrial Technologies (NYSE: AIT) has signed a definitive agreement to acquire Hydradyne, a major fluid power solutions provider based in Dallas. Hydradyne operates 33 locations across the Southeastern U.S. with nearly 500 associates, specializing in fluid power system design and related services. The acquisition is expected to contribute approximately $260 million in sales and $30 million in EBITDA before synergies, and be accretive to EPS within the first 12 months. The deal enhances AIT's Engineered Solutions segment and expands its footprint in the growing Southeast region.
Applied Industrial Technologies (NYSE: AIT) ha firmato un accordo definitivo per acquisire Hydradyne, un importante fornitore di soluzioni per la potenza fluida con sede a Dallas. Hydradyne opera in 33 localit脿 nel sud-est degli Stati Uniti e conta quasi 500 collaboratori, specializzandosi nella progettazione di sistemi di potenza fluida e servizi correlati. Si prevede che l'acquisizione contribuisca per circa 260 milioni di dollari in vendite e 30 milioni di dollari in EBITDA prima delle sinergie e sar脿 accrescitiva per l'EPS entro i primi 12 mesi. L'accordo rafforza il segmento Soluzioni Ingegnerizzate di AIT ed espande la sua presenza nella crescente regione sud-est.
Applied Industrial Technologies (NYSE: AIT) ha firmado un acuerdo definitivo para adquirir Hydradyne, un importante proveedor de soluciones de potencia hidr谩ulica con sede en Dallas. Hydradyne opera en 33 ubicaciones en el sureste de los EE. UU. y cuenta con casi 500 asociados, especializ谩ndose en el dise帽o de sistemas de potencia hidr谩ulica y servicios relacionados. Se espera que la adquisici贸n contribuya con aproximadamente 260 millones de d贸lares en ventas y 30 millones de d贸lares en EBITDA antes de sinergias, y sea accretiva para el EPS dentro de los primeros 12 meses. El acuerdo mejora el segmento de Soluciones Ingenierizadas de AIT y expande su presencia en la creciente regi贸n sureste.
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Applied Industrial Technologies (NYSE: AIT) a sign茅 un accord d茅finitif pour acqu茅rir Hydradyne, un important fournisseur de solutions de puissance hydraulique bas茅 脿 Dallas. Hydradyne op猫re dans 33 sites 脿 travers le sud-est des 脡tats-Unis avec pr猫s de 500 collaborateurs, se sp茅cialisant dans la conception de syst猫mes de puissance hydraulique et services connexes. On s'attend 脿 ce que l'acquisition contribue 脿 environ 260 millions de dollars de ventes et 30 millions de dollars d'EBITDA avant les synergies, et qu'elle soit accretive pour le b茅n茅fice par action (EPS) dans les 12 premiers mois. Cet accord renforce le segment de Solutions Ing茅nierie d'AIT et 茅tend son empreinte dans la r茅gion sud-est en pleine croissance.
Applied Industrial Technologies (NYSE: AIT) hat eine endg眉ltige Vereinbarung zur 脺bernahme von Hydradyne, einem wichtigen Anbieter von L枚sungen f眉r hydraulische Antriebstechnik mit Sitz in Dallas, unterzeichnet. Hydradyne betreibt 33 Standorte im S眉dosten der USA mit fast 500 Mitarbeitenden und ist auf die Planung von hydraulischen Antriebssystemen und verwandte Dienstleistungen spezialisiert. Die 脺bernahme wird voraussichtlich etwa 260 Millionen Dollar Umsatz und 30 Millionen Dollar EBITDA vor Synergien beitragen und innerhalb der ersten 12 Monate wertsteigernd f眉r das EPS sein. Der Deal st盲rkt den Bereich Ingenieurl枚sungen von AIT und erweitert die Pr盲senz im wachsenden S眉dosten.
- Expected to add $260 million in sales and $30 million in EBITDA
- Accretive to EPS within first 12 months
- Expands footprint in strategic Southeast U.S. region
- Enhances technical capabilities and market presence in fluid power solutions
- Creates cross-selling opportunities and market penetration potential
- Transaction-related expenses and purchase accounting adjustments may impact initial performance
Insights
This strategic acquisition marks a significant expansion for Applied Industrial Technologies. The deal brings
The transaction is particularly attractive as it's expected to be accretive to earnings per share within the first year, even before considering synergy benefits. Hydradyne's balanced mix of MRO and OEM applications across industrial verticals complements AIT's existing business model. The strategic rationale is sound, focusing on technical capabilities enhancement and cross-selling opportunities in high-growth areas like reshoring and equipment modernization.
With 33 locations and 500 associates, this acquisition significantly scales AIT's operations in the fluid power segment, potentially leading to operational efficiencies and increased market share. The focus on emerging technologies like power management and electrification positions the combined entity well for future growth trends.
Strategic Fluid Power Acquisition Within Applied鈥檚 Engineered Solutions Segment
Based in
Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, 鈥淲e are pleased to announce the pending acquisition of Hydradyne, which represents another key step in the expansion of our Engineered Solutions segment and leading technical industry position. We have always admired Hydradyne鈥檚 team and market approach. Their technical capabilities, local customer-centric culture, and operational caliber aligns extremely well with our strategy and long-term objectives. In addition, Hydradyne will enhance our footprint within the growing and strategic
Lon Jennings, President of Hydradyne, added, 鈥淭oday is a significant milestone and opportune moment for Hydradyne. Joining Applied will accelerate our potential by leveraging complementary capabilities, innovative fluid power solutions, and a leading technical industry position as a mutual team. During our evaluation, it was clear Applied is the best strategic fit for our employees, customers, and suppliers. They are a values-based company with significant financial strength and over 100 years of distribution leadership, while their strategy, culture, and solutions-focused approach to the market aligns extremely well. I am grateful for the contributions the Hydradyne team has made through the years and look forward to our success as part of Applied.鈥�
About Applied庐
Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO (maintenance, repair, and operations) and OEM (original equipment manufacturing), and new system install applications in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise. For more information, visit .
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Ryan D. Cieslak
Director 鈥� Investor Relations & Treasury
216-426-4887 / rcieslak@applied.com
Source: Applied Industrial Technologies, Inc.
FAQ
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