Published: April 14, 2010
Actuant Completes Integrated Solutions Acquisitions
MILWAUKEE - (BUSINESS WIRE) - Actuant Corporation (NYSE:ATU) announced today that it has expanded its
Enerpac Integrated Solutions capabilities with the acquisitions of Team
Hydrotec and Hydrospex. The combined businesses generate approximately
$30 million in annual revenue.
Based in Singapore, Team Hydrotec provides engineering and integrated
solutions systems to the Asian energy, ship building, mining and other
industries. Headquartered in The Netherlands, Hydrospex is a leading
provider of a broad range of heavy-lift technologies including strand
jacks and gantries for the global infrastructure, power generation and
other industrial markets.
The acquisitions will operate as part of Enerpac's Integrated Solutions
business within Actuant's Industrial Segment. Brian Kobylinski,
Executive Vice President Energy and Industrial Segments, stated, "We
recently created a global organization within Enerpac to further our
focus on Integrated Solutions - the combining of our world class
hydraulic technology with extensive controls and engineering expertise.
The products, technologies, engineering and geographic breadth of Team
Hydrotec and Hydrospex are complementary to our existing competencies
and will further strengthen our market leading heavy-lift solutions for
the global infrastructure and other markets."
The approximate $20 million used for the acquisitions was funded from
the Company's revolving credit facility.
About Actuant
Actuant Corporation is a diversified industrial company with operations
in more than 30 countries. The Actuant businesses are leaders in a broad
array of niche markets including branded hydraulic and electrical tools
and supplies; specialized products and services for energy related
industries and highly engineered position and motion control systems.
The Company was founded in 1910 and is headquartered in Butler,
Wisconsin. Actuant trades on the NYSE under the symbol ATU. For further
information on Actuant and its businesses, visit the Company's website
at www.actuant.com.
Safe Harbor
Certain of the above comments represent forward-looking statements made
pursuant to the provisions of the Private Securities Litigation Reform
Act of 1995. Management cautions that these statements are based on
current estimates of future performance and are highly dependent upon a
variety of factors, which could cause actual results to differ from
these estimates. Actuant's results are also subject to general economic
conditions, variation in demand from customers, the impact of
geopolitical activity on the economy, continued market acceptance of the
Company's new product introductions, the successful integration of
acquisitions, restructuring, operating margin risk due to competitive
pricing and operating efficiencies, supply chain risk, material and
labor cost increases, foreign currency fluctuations and interest rate
risk. See the Company's Form 10-K filed with the Securities and Exchange
Commission for further information regarding risk factors. Actuant
disclaims any obligation to publicly update or revise any
forward-looking statements as a result of new information, future events
or any other reason.

Actuant Corporation
Karen Bauer
Director,
Investor Relations
262-373-7462
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