The 2020 Mid-Year Economic Update_long

Applied Industrial to Acquire Olympus Controls Corp

The business will continue to operate under the Olympus Controls name.

Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, Ohio, has agreed to acquire Olympus Controls Corp., an automation solutions provider – including design, assembly, integration, and distribution – of motion control, machine vision and robotic technologies. Terms of the transaction were not disclosed.

The transaction is expected to close before the end of August 2019. The business will continue to operate under the Olympus Controls name.

“Olympus brings to Applied a full range of value-added automation expertise, with leading technology solutions, an established geographic footprint, and strong supplier partnerships,” said Neil A. Schrimsher, president and CEO for Applied. “Their addition is a strong complement to our business, further broadening our capabilities, customer opportunities and technical presence across varied industrial segments.”

Olympus serves customers throughout the Pacific Northwest, West Coast and Lower Central States from five locations in Tualatin, Oregon; Kent, Washington; Fremont, California; San Diego; and Lake Dallas, Texas. 

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.