Actuant Corporation, Milwaukee, WI, has acquired T.T. Fijnmechanica B.V. for $20 million.
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Headquartered in Roermond, The Netherlands, TTF supplies products and systems for use in the bridge building, infrastructure and heavy lifting markets. Products include wedges, anchor heads, multi-strand jacks, and heavy lifting systems. TTF generated $10 million in sales in 2006, and has 30 employees.
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TTF will operate within Actuant’s Enerpac business, which is part of Actuant’s Industrial Segment.
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Actuant is a diversified industrial company with operations in more than 30 countries. The Actuant businesses focus on highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Actuant has sales of more than $1.3 billion.