Actuant
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| Public | |
| Traded as | : ATU S&P 600 Component |
| Industry | Conglomerate |
| Founded | 1910 |
| Founders | Leo Bethke, Frank Lueck, Charles Krause |
| Headquarters | Menomonee Falls, Wisconsin, U.S. |
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Area served
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Worldwide |
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Key people
|
Randy Baker (Chairman, CEO, President) |
| Revenue |
 US$ 1.4500 billion (2016)
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US$ .138 billion (2016)
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| Total assets |
US$ 1.637 billion (2016)
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| Total equity |
US$ .673 billion (2016)
|
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Number of employees
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6,000 (2016) |
| Website | Actuant.com |
Actuant Corporation is an American diversified industrial company serving customers from operations in more than 30 countries. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Actuant business operations are divided into three segments focused on the markets they serve.
In 2010, historian John Gurda authored “The Drive To Lead”, a history of Actuant that celebrated the company’s 100th anniversary.
1910 Founded as American Grinder and Manufacturing
1927 Applied Power enters hydraulic business with Blackhawk
1958 Enerpac founded
1970 Power-Packer founded
1987 Applied Power initial public offering, trades on NASDAQ
1988 Applied Power acquires Gardner Bender from Gardner family
1989 Applied Power acquires Barry Wright Corporation
1992 Applied Power common stock trading moves to the NYSE
1996 Applied Power starts a roll-up of electronic contract manufacturers with the acquisition of Everest
1997 Applied Power acquires Versa Technologies, including Power Gear and Milwaukee Cylinder
1998 Applied Power reorganizes into two business groups: Industrial and Electronics to reflect the growth of the electronic contract manufacturing business
2000 Applied Power spins off its Electronics business segment into a separate public company called APW Ltd. The remainder of Applied Power, consisting of its former Industrial segment begins doing business as Actuant Corporation and trading on the NYSE as ATU.
2001 Applied Power changes name to Actuant
2002 Actuant successfully completes $105 million follow-on equity offering, using proceeds to retire 35% of 13% Senior Subordinated Notes
2003 Actuant acquires Heinrich Kopp A.G (European Electrical)
2004 Actuant acquires Kwikee Products (RV), and Dresco B.V. (European Electrical), and successfully completes $125,000 convertible bond offering.
2005 Actuant acquires Hedley Purvis and Hydratight Sweeney - initiating the Joint Integrity platform. Also completes its largest acquisition to date - Key Components, Inc - which included Gits, Marinco, Acme and Elliott.
2006 Actuant Acquires D.L. Ricci, Precision Sure-Lock, Actown and BEP Marine.
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Wikipedia