M&A Deal Summary

Applied Industrial Technologies Acquires Advanced Motion Systems

On April 4, 2023, Applied Industrial Technologies acquired technology hardware company Advanced Motion Systems

Acquisition Highlights
  • This is Applied Industrial Technologies’ 2nd transaction in the Technology Hardware sector.
  • This is Applied Industrial Technologies’ 28th transaction in the United States.
  • This is Applied Industrial Technologies’ 7th transaction in Ohio.

M&A Deal Summary
Date 2023-04-04
Target Advanced Motion Systems
Sector Technology Hardware
Buyer(s) Applied Industrial Technologies
Deal Type Add-on Acquisition

Target

Advanced Motion Systems

Cleveland, Ohio, United States
website
Advanced Motion Systems is a provider of automation products, services, and engineered solutions focused on a full range of machine vision, robotics, and motion control products and technologies. Advanced Motion Systems is based in Cleveland, Ohio.

Search 193,103 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Applied Industrial Technologies

Cleveland, Ohio, United States

website

Category Company
Founded 1923
Sector Distribution
Employees6,157
Revenue 3.8B USD (2022)
DESCRIPTION

Applied Industrial Technologies is an industrial distributor that offers more than five million parts to serve the needs of MRO and OEM customers in virtually every industry. Applied Industrial Technologies was incorporated in 1923 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 38 of 41
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 37 of 40
State (Ohio) 7 of 7
Country (United States) 28 of 30
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Automation

Minneapolis, Minnesota, United States

Automation is a stocking distributor of motion, machine vision, pneumatic, electrical, process control, and machine components. The Company offers products from top manufacturers and stocks select products. Our services include the in-house IPS Design Center (extruded aluminum framing), Value Added Department, application evaluations, training, seminars, and local technical support. Automation was founded in 1981 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Bearing Distributors

Columbia, South Carolina, United States

Bearing Distributors is a provider of bearings, power transmission, industrial motion, and related service and repair capabilities. Bearing Distributors is based in Columbia, South Carolina.

Buy -
Mergr

Product

Company

Legal