Actuant Corp. (NYSE: ATU), Milwaukee, WI, acquired Jeyco Pty Ltd, Perth, Australia. Jeyco provides specialized mooring, rigging and towing systems and services to the offshore oil & gas industry in Australia and other international markets.
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Jeyco generates annual revenues of approximately $20 million and will operate as part of the Cortland business within Actuants Energy Segment.
\”Jeyco will serve as the base for Cortland’s full product range which includes engineered ropes and slings, dynamic umbilicals and electro-optic cables in the Southeast Asian region,\” said Brian Kobylinski, executive vice president, industrial and energy segments.