Acquisition grows Applied Industrial’s automation offerings – Crain’s Cleveland Business

Applied Industrial Technologies Inc. (NYSE: AIT) in Cleveland has made an acquisition that the company says will grow its automation offerings.

Applied Industrial has acquired Gibson Engineering Co. in Norwood, Mass., for an undisclosed amount. Gibson provides automation products, services and engineered solutions with a particular focus on "machine vision, motion control, mobile and collaborative robotic solutions, intelligent sensors and other related equipment," according to a news release. The company has more than 40 associates.

"We are pleased to announce the addition of Gibson Engineering and the continued expansion of our next generation automation offering and footprint. Gibson is a leading provider of emerging automation technologies across the U.S. Northeast and Mid-Atlantic markets," Applied Industrial president and CEO Neil A. Schrimsher said in the release. "They bring established customer and supplier relationships, along with an experienced team highly regarded for their technical and engineering expertise that aligns with our growth strategy, market focus and value proposition."

Schrimsher also said Applied Industrial had completed three acquisitions in the past 16 months, expanding its automation offerings. The company is a distributor and technical solutions provider of products in spaces such as industrial motion and fluid power.

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Acquisition grows Applied Industrial's automation offerings - Crain's Cleveland Business