Business 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 manufactures and markets branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets under the Enerpac, Simplex, Precision-Hayes, and Milwaukee Cylinder brands. Its primary products include hydraulic tools, heavy lifting solutions, workholding (production automation) solutions, and concrete stressing components and systems. The Energy segment provides technical products and services, including 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. It also offers manpower services, including bolting, machining, and joint integrity works. This segment distributes its products principally under the Hydratight, Cortland, and Viking SeaTech brands 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 and aftermarkets in various on and off-highway vehicle markets under the Power-Packer and Gits brands, as well as other industrial products to the industrial and agricultural markets. Its products comprise actuation systems, mechanical power transmission products, engine air flow management systems, human to machine interface solutions, and other rugged electronic instrumentation. This segment primarily markets directly to OEMs through a technical sales organization. The company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.
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