Aalberts N.V.: Aalberts acquires heat treatment specialist in North America
29 Juillet 2019 - 7:30AM
Aalberts N.V.: Aalberts acquires heat treatment specialist in North
America
Utrecht, 29 July 2019
Aalberts N.V. has reached an agreement to acquire 100% of the
shares of Applied Process (Applied), based in three locations in
the USA, Livonia (Michigan), Oshkosh (Wisconsin) and Fort Smith
(Arkansas), generating an annual revenue of approximately USD 26
million with 130 FTE.
Applied is a technology leader in the austempering process, a
specialised heat treatment technology to solve complex engineering
problems. Most of the business is derived from engineering
conversions, providing conceptual design and engineering
assistance. A dedicated R&D centre is supporting the customers
with this conversion and developing new technologies.
The austempering process has been successfully used to increase
the performance and light-weighting of components across many
different end markets, such as agriculture and construction
equipment, mining, heavy truck, gears, powertrain, railroad and
machinery.
The existing management of Applied will work closely together
with the management of Aalberts material technology USA.
Applied is strengthening the service network in regions where
Aalberts is not active yet and vice versa. Besides, we are able to
offer a combination of technologies to our existing customers
solving their surface technology challenges. Key accounts active in
different regions of the USA, can make use of our combined service
footprint.
The results of Applied will be consolidated as of 1 August 2019.
The acquisition will directly contribute to the earnings per share
and will be financed from existing credit facilities.
Please visit www.appliedprocess.com for additional
information.
contact+31 (0)30 3079 301 (from 8:00 am
CEST)investors@aalberts.com
Aalberts NV (EU:AALB)
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