Applied Industrial Technologies Completes Acquisition of Hydradyne, LLC
Applied Industrial Technologies (NYSE: AIT) has successfully completed the acquisition of Hydradyne, on December 31, 2024. Hydradyne, based in Dallas, Texas, is a leading provider of fluid power solutions with operations across the Southeastern U.S., specializing in hydraulics, pneumatics, electromechanical systems, instrumentation, filtration, and fluid conveyance.
The acquisition is expected to generate approximately $260 million in sales and $30 million in EBITDA before anticipated synergies within the first 12 months of ownership. The deal will be accretive to EPS, excluding transaction-related expenses and purchase accounting adjustments. The combination aims to enhance Applied's fluid power distribution position in the U.S. by leveraging complementary technical capabilities and engineered solutions across various markets.
Applied Industrial Technologies (NYSE: AIT) ha completato con successo l'acquisizione di Hydradyne il 31 dicembre 2024. Hydradyne, con sede a Dallas, Texas, è un fornitore leader di soluzioni di potenza fluida con operazioni in tutto il sud-est degli Stati Uniti, specializzandosi in idraulica, pneumatica, sistemi elettromeccanici, strumentazione, filtrazione e trasporto di fluidi.
L'acquisizione dovrebbe generare circa $260 milioni in vendite e $30 milioni in EBITDA prima delle sinergie previste nei primi 12 mesi di proprietà. L'accordo sarà accrescitivo per l'EPS, escludendo le spese relative alla transazione e gli aggiustamenti contabili di acquisto. La combinazione mira a migliorare la posizione di distribuzione di potenza fluida di Applied negli Stati Uniti, sfruttando le capacità tecniche complementari e soluzioni ingegnerizzate in vari mercati.
Applied Industrial Technologies (NYSE: AIT) ha completado con éxito la adquisición de Hydradyne el 31 de diciembre de 2024. Hydradyne, con sede en Dallas, Texas, es un proveedor líder de soluciones de energía fluida con operaciones en todo el sureste de EE.UU., especializado en hidráulica, neumática, sistemas electromecánicos, instrumentación, filtración y transporte de fluidos.
Se espera que la adquisición genere aproximadamente $260 millones en ventas y $30 millones en EBITDA antes de las sinergias anticipadas en los primeros 12 meses de propiedad. El acuerdo será accretivo para el EPS, excluyendo los gastos relacionados con la transacción y los ajustes contables de compra. La combinación tiene como objetivo mejorar la posición de distribución de energía fluida de Applied en EE.UU. aprovechando las capacidades técnicas complementarias y las soluciones ingenierizadas en varios mercados.
Applied Industrial Technologies (NYSE: AIT)는 2024년 12월 31일 Hydradyne의 인수를 성공적으로 완료했습니다. Hydradyne는 텍사스 주 달라스를 본사로 둔 유체 동력 솔루션의 선두 제공업체로, 미국 동남부 전역에서 활동하며 유압, 공압, 전자기계 시스템, 계측, 필터링 및 유체 운반에 주력하고 있습니다.
이번 인수는 소유 첫 12개월 이내에 예상되는 시너지 효과 전, 약 $260 백만의 매출과 $30 백만의 EBITDA를 창출할 것으로 기대됩니다. 거래는 거래 관련 비용 및 구매 회계 조정을 제외하고는 EPS에 긍정적인 영향을 미칠 것입니다. 이번 결합은 다양한 시장에서 보완적인 기술 역량과 엔지니어링 솔루션을 활용하여 Applied의 유체 동력 유통 위치를 미국에서 향상시키는 것을 목표로 하고 있습니다.
Applied Industrial Technologies (NYSE: AIT) a réussi à finaliser l'acquisition de Hydradyne le 31 décembre 2024. Hydradyne, basé à Dallas, au Texas, est un fournisseur leader de solutions de puissance fluide avec des opérations dans tout le sud-est des États-Unis, spécialisé dans l'hydraulique, la pneumatique, les systèmes électromécaniques, l'instrumentation, la filtration et le transport de fluides.
On s'attend à ce que l'acquisition génère environ 260 millions de dollars de ventes et 30 millions de dollars d'EBITDA avant les synergies anticipées au cours des 12 premiers mois de propriété. L'accord sera accretif pour le BPA, à l'exclusion des frais liés à la transaction et des ajustements comptables. La combinaison vise à améliorer la position de distribution de puissance fluide d'Applied aux États-Unis en tirant parti des capacités techniques complémentaires et des solutions d'ingénierie dans divers secteurs.
Applied Industrial Technologies (NYSE: AIT) hat am 31. Dezember 2024 erfolgreich die Übernahme von Hydradyne abgeschlossen. Hydradyne, mit Sitz in Dallas, Texas, ist ein führender Anbieter von Fluidkraftlösungen mit Aktivitäten im gesamten Südosten der USA und spezialisiert auf Hydraulik, Pneumatik, elektromechanische Systeme, Instrumentierung, Filtration und Fluidtransport.
Die Übernahme wird voraussichtlich im ersten Jahr nach dem Erwerb etwa 260 Millionen USD Umsatz und 30 Millionen USD EBITDA vor den erwarteten Synergien generieren. Der Deal wird EPS-wirksam sein, wobei transaktionsbezogene Kosten und Kaufabschlussanpassungen ausgeschlossen sind. Die Kombination zielt darauf ab, die Vertriebsposition von Applied im Bereich Fluidkraft in den USA zu verbessern, indem komplementäre technische Fähigkeiten und ingenieurtechnische Lösungen in verschiedenen Märkten genutzt werden.
- Expected to generate $260 million in sales within first 12 months
- Projected $30 million in EBITDA before synergies
- Deal will be accretive to earnings per share
- Strengthens market position in fluid power distribution
- Expands geographic presence in Southeastern U.S.
- Transaction-related expenses and purchase accounting adjustments may impact short-term financial results
Insights
The acquisition of Hydradyne represents a strategic expansion in the fluid power solutions market. With projected contributions of
The timing is particularly advantageous given the increasing industrial automation trends and the growing demand for sophisticated fluid power solutions. The transaction's structure, focusing on complementary capabilities and engineered solutions, suggests strong potential for revenue synergies through cross-selling opportunities and enhanced service offerings.
The immediate EPS accretion indicates efficient deal pricing and solid financial engineering, though the full impact will become clearer when transaction-related expenses and purchase accounting adjustments are disclosed in the upcoming earnings report.
The fluid power industry is experiencing significant transformation driven by automation and Industry 4.0 initiatives. Hydradyne's expertise in hydraulics, pneumatics and electromechanical systems positions Applied Industrial to capitalize on these trends. The acquisition particularly strengthens their position in critical areas like filtration and instrumentation, which are seeing increased demand due to precision manufacturing requirements.
The geographical expansion into the Southeast is strategically important, as this region has been experiencing strong industrial growth and manufacturing reshoring initiatives. The combined entity will benefit from enhanced scale economies and improved bargaining power with suppliers, while offering customers a more comprehensive solution set.
Looking at the numbers, this acquisition represents approximately
For retail investors, this acquisition strengthens Applied Industrial's competitive moat in the fluid power distribution space and provides exposure to secular growth trends in industrial automation. The company's focus on technical capabilities and engineered solutions should support higher margins and more stable recurring revenue streams going forward.
Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, “We are excited to announce the completion of this acquisition and officially welcome Hydradyne to the Applied team. This transaction will enhance our leading fluid power distribution position in the
Applied affirms it expects the acquisition will contribute approximately
About Applied®
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 www.applied.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250102751296/en/
Ryan D. Cieslak
Director – Investor Relations & Treasury
216-426-4887 / rcieslak@applied.com
Source: Applied Industrial Technologies, Inc.
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