Who We Are
VISION, BUSINESS MODEL & VALUES
The Drive to Lead
Read John Gourda's history of Actuant The Drive to Lead
Actuant Corporation is a relatively new name for an old company. Actuant's predecessor, Applied Power, was incorporated in Wisconsin in 1910. Prior to July, 2000, the company consisted of two segments, Electronics and Industrial. The Applied Power board of directors voted to distribute its Electronics Business to its shareholders in the form of a special dividend (the spin-off), which took place on July 31, 2000. The remaining industrial business was renamed Actuant. Events below detailed by fiscal year:
Actuant divests Precision-Hayes International
Actuant divests Cortland Fibron
Actuant consolidates business to two segments: Industrial Tools & Services and Engineered Systems & Components
Actuant acquires Equalizer International
Actuant acquires Mirage Machines; sells Viking SeaTech.
Larzep SA and FourQuest MENAC acquired.
Actuant names Randal Baker President and CEO.
Actuant names Board President Bob Arzbaecher interim CEO.
Actuant acquires Hayes Industries, Ltd.
CEO transition to Mark Goldstein, along with sale of electrical segment and RV business cap off this $1.4B revenue year.
Significant portfolio management actions take place as Actuant plans divestiture of Electrical segment and acquires mooring solutions provider Viking SeaTech. Completes fiscal year with sales of $1.3B on a continuing operations basis.
Actuant exceeds prior peaks for sales, earnings and cash flow. Deploys $70 million on Jeyco, Turotest and CrossControl acquisitions.
Actuant acquires Mastervolt and Weasler entering the European marine, solar inverter and agriculture driveline markets.
Actuant celebrates its centennial.
Actuant acquires Cortland adding a new platform (electro mechanical cables & umbilicals and engineered synthetic rope) to the portfolio.
Actuant acquires TK Simplex and Superior Plant Services, both tuck-ins to the Industrial Segment. Reaches $1.7B in total revenues.
Actuant reaches $1.5 billion in revenues and deploys $163 million of capital on five tuck-in acquisitions including Veha, Injectaseal, Maxima, TTF and BH Electronics.
Actuant Acquires D.L. Ricci, Precision Sure-Lock, Actown and BEP Marine.
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.
Actuant acquires Kwikee Products (RV), and Dresco B.V. (European Electrical), and successfully completes $150 million convertible bond offering.
Actuant acquires Heinrich Kopp A.G (European Electrical)
Actuant successfully completes $105 million follow-on equity offering, using proceeds to retire 35% of 13% Senior Subordinated Notes
Actuant divests its Mox-Med and Quick Mold Change (QMC) businesses.
Actuant acquires Dewald Manufacturing Inc.
Applied Power changes name to Actuant
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.
Applied Power reorganizes into two business groups: Industrial and Electronics to reflect the growth of the electronic contract manufacturing business
Applied Power acquires Versa Technologies, including Power Gear and Milwaukee Cylinder
Applied Power starts a roll-up of electronic contract manufacturers with the acquisition of Everest
Applied Power common stock trading moves to the NYSE
Applied Power acquires Barry Wright Corporation
Applied Power acquires Gardner Bender from Gardner family
Applied Power initial public offering, trades on NASDAQ
Gardner Bender founded by Jim Gardner
Applied Power enters hydraulic business with Blackhawk
Founded as American Grinder and Manufacturing