Actuant Corporation Stock Company Profile

Description

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in three segments: Industrial, Energy, and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture, and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets under the Enerpac, Simplex, Precision-Hayes, and Milwaukee Cylinder brand names. Its primary products include hydraulic tools, heavy lifting solutions, workholding (production automation) solutions, and concrete stressing components and systems. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, and rope and cable solutions to the oil and gas, power generation, and other energy markets, as well as technical manpower solutions. This segment distributes its products principally under the Hydratight, Cortland, and Viking SeaTech to original equipment manufacturers (OEMs), maintenance and service organizations, and energy producers. The Engineered Solutions segment designs and assembles engineered position and motion control systems to OEMs in various on and off-highway vehicle markets, as well as other products to the industrial and agricultural markets under the Power-Packer and Gits brands. Its products include actuation systems, mechanical power transmission products, engine air flow management systems, human to machine interface solutions, and other rugged electronic instrumentation. The company also provides a range of industrial services and equipment from engineering, chemical cleaning, hydro-testing, oil flushing, air/steam blowing, nitrogen/helium leak testing services, and full pipeline pre-commissioning services in the Caspian, the Middle East, and the North Africa regions. The company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.