Applied Industrial Technologies Acquires Advanced Motion Systems Inc.
April 04 2023 - 8:30AM
Business Wire
Expansion of Automation Platform Continues
Applied Industrial Technologies (NYSE: AIT) today announced the
acquisition of Advanced Motion Systems Inc. (AMS), a provider of
automation products, services, and engineered solutions focused on
a full range of machine vision, robotics, and motion control
products and technologies. Terms of the transaction were not
disclosed.
Neil A. Schrimsher, President & Chief Executive Officer for
Applied, commented, “We welcome AMS to Applied as we continue the
expansion of our automation platform. AMS aligns well with our
solutions-centric strategy, acting as a key technical consultant to
their customers’ emerging automation needs with strong solutions
capabilities in machine vision, motion control, and related
services. They broaden our footprint in the U.S. Upper Northeast
region, including strengthening relationships with leading
suppliers tied to our growth strategy. In addition, their
experienced team of sales and application engineers extends our
technical position and growth capacity in several emerging
applications across key industry verticals. Overall, I am
encouraged with the continued progress we are making in positioning
Applied as a leading provider and channel partner of
next-generation automation solutions. We look forward to seeing
AMS’ capabilities bolster our collective efforts and value
proposition moving forward.”
AMS is based in Rochester, New York, and operates with a team of
more than 10 associates from two locations. The Company serves
customers primarily across medical, technology, machine building,
life sciences, electronics, automotive, and other various
industrial verticals.
About Applied® Applied Industrial Technologies is a
leading value-added distributor and technical solutions provider of
industrial motion, fluid power, flow control, automation
technologies, and related maintenance supplies. Our leading brands,
specialized services, and comprehensive knowledge serve MRO and OEM
end users in virtually all industrial markets through our
multi-channel capabilities that provide choice, convenience, and
expertise. For more information, visit www.applied.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230404005317/en/
Ryan D. Cieslak Director – Investor Relations & Treasury
216-426-4887 / rcieslak@applied.com
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