Actuant Corporation is a diversified industrial company serving customers in more than 30 countries. Actuant businesses provide hydraulic tools and systems, position and motion control systems, and various specialized products and services. The company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.
History
Timeline
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 1958Enerpac founded 1970Power-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 2004 Actuant acquires Kwikee Products, and Dresco B.V., 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. 2007 Actuant deploys $163 million of capital on five tuck-in acquisitions including Veha, Injectaseal, Maxima, TTF and BH Electronics. 2008 Actuant acquires TK Simplex and Superior Plant Services, both tuck-ins to the Industrial Segment. 2009 Actuant acquires Cortland adding a new platform to the portfolio. 2010 Actuant celebrates its centennial. 2010 CEO Bob Arzbaecher and Actuant management ring the closing bell at the NYSE celebrating centennial. 2010 CEO Arzbaecher talks with CNBC. 2011 Achieves record cash flow of $158 million and deploys just over $300 million to acquire Mastervolt and Weasler Engineering. 2012 Acquisition of Jeyco Pty. Ltd. in Australia, Turotest in Brazil, and CrossControl AB in Sweden. 2013 Divestiture of Actuant Electrical segment 2013 Acquisition of Viking Sea Tech. 2014 Mark Goldstein becomes President and CEO of Actuant Corporation 2015 Acquisition of Hayes Industries, Ltd for nearly 31 million US dollars. Hayes Industries, Ltd. and Precision Sure-Lock are combined to form Precision-Hayes International. 2015 Actuant names Board President Bob Arzbaecher interim CEO 2016 Randy Baker becomes President and CEO of Actuant Corporation 2016 Larzep SA and FourQuest MENAC acquired. 2017 Actuant acquires Mirage Machines; sells Viking SeaTech. 2018 Actuant acquires Equalizer International 2019 Actuant consolidates business to two segments: Industrial Tools & Services and Engineered Components & Systems 2019 Actuant changes name to Enerpac Tool Group
Business Segments
Actuant is organized into two segments: Industrial Tools & Services and Engineered Components & Systems. The Industrial Tools & Services 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. The Engineered Components & Systems segment provides engineered position and motion control systems to OEMs in various vehicle markets, as well as a variety of other industrial products.
Industrial Tools & Services
The Industrial Tools & Services segment provides high force hydraulic tools and equipment for various industrial and infrastructure applications. It also provides joint integrity maintenance, repair, and leak sealing products and services for the oil and gas and power generation industries.
Engineered Components & Systems
The Engineered Components & Systems segment serves on and off highway OEMs with highly engineered position and motion control systems, emission control, power transmission components and harsh duty electronic controls and displays, as well as specialty rope, cable and tensioning solutions for energy, infrastructure and other end markets.
Awards and recognition
The Robert W. Baird Outstanding Achievement Award in Employee Giving Forbes 400 Best Big Companies BusinessWeek Top 100 “Hot Growth Company” Investor's Business Daily: "Actuant Corp. Milwaukee, Wisconsin; Manufacturer is a switch-hitter on growth”' Investor's Business Daily: "Actuant Seeks Out Niches To Make it Big Fish in Pond" Milwaukee Business Journal Andy Lampereur named CFO of the Year
Restatement
On December 19, 2001, Actuant Corp restated its net sales and cost of goods sold for fiscal 2001 to reflect shipping and handling income and costs in accordance with Emerging Issues Task Force Abstract No. 00-10.
