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
1958 Enerpac founded
1970 Power-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 (European Electrical)
2004 Actuant acquires Kwikee Products (RV), and Dresco B.V. (European Electrical), 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 (electro mechanical cables & umbilicals and engineered synthetic rope) 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.
2015 Actuant names Board President Bob Arzbaecher interim CEO
2016 Randy Baker becomes President and CEO of Actuant Corporation
Actuant is organized into three segments: Industrial, Energy, and Engineered Solutions. The industrial 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 energy segment provides joint integrity products and services, as well as umbilical, rope, and cable solutions to the global oil and gas, power generation, and energy markets. The engineered Solutions segment provides engineered position and motion control systems to OEMs in various vehicle markets, as well as a variety of other industrial products.
Actuant's industrial segment designs, produces, and markets its industrial tools primarily through its better-known Enerpac, Simplex, Precision Sure-Lock, and Milwaukee Cylinder brands. The company has a large presence in the lifting industry. Their products are used in industrial, infrastructure, energy, mining, rail, and other environments.
Enerpac is a supplier of specialized high-force hydraulic industrial tools. The hydraulic tool line consists of a broad range of products that are generally sold by industrial and specialty fluid power distributors to customers in the infrastructure, mining, steel mill, cement, rail, oil and gas, and general maintenance industries. Enerpac is a supplier of hydraulic workholding components and systems. The products are marketed through distributors to the automotive, machine tool and fixture design markets.
Enerpac also provides high-force hydraulic systems; these customized hydraulic products and systems are sold to construction firms or direct to OEM customers.
PRODUCTSHydraulic cylinders, pumps, valves
MARKETS SERVEDInfrastructure and Bridges
Oil and Gas
Buildings and Stadiums
Steel Production and Metal Production
SAMPLE CUSTOMERSFluid power distributors
American Bridge Company
Actuant's energy segment is a supplier of joint integrity products and services, as well as umbilical, rope cable, and sub-sea mooring solutions to the global oil and gas, power generation, and various diversified energy and non-energy markets under the Hydratight, Cortland, and Viking SeaTech brands. Hydratight provides joint integrity products and services, using hydraulic torque wrenches, bolt tensioners and portable machining equipment, which are sold or rented to asset owners, service providers and through distributors, or used to service customer assets. These products are used in, but not limited to, the maintenance of joints on oil rigs and platforms, wind turbines, refineries and pipelines, as well as fossil fuel and nuclear power plants to reduce customer downtime and provide increased safety and reliability. These products also provide manpower services whereby trained technicians perform bolting, machining and diverse joint integrity work for customers.
Within the energy segment, the Cortland business provides custom engineered umbilicals, cable and high performance slings and synthetic rope to service providers and asset owners, which are used in the maintenance and installation of sub-sea oil and gas production equipment, as well as in oil and gas exploration. Energy segment sales and services are provided to customers in emerging markets, as well as in the North Sea, Middle East, South America, China, Asia, Gulf of Mexico, and Canada.
PRODUCTSHydraulic torque wrenches and tensioners
In-situ machining equipment
On-site joint integrity & other services
Emergency pipeline connectors
Electro-mechanical cables and umbilicals
Engineered synthetic rope
MARKETS SERVEDOil and Gas
The Engineered Solutions segment is a leading global designer and assembler of customized position and motion control systems and other industrial products to various transportation and other niche markets. The vehicle systems product lines (Power-Packer, Gits and Power Gear brands) are sold to the truck, automotive, off-highway and specialty vehicle markets. Products include hydraulic cab-tilt and latching systems sold to global heavy duty truck OEMs such as Volvo, Iveco, Scania AB and CNHTC and electro-hydraulic convertible top latching and actuation systems. The automotive systems are utilized on both retractable soft and hard top vehicles manufactured by OEMs such as Daimler, Audi, Volkswagen, Renault, BMW, Volvo, and Nissan. Diesel engine air flow solutions, such as exhaust gas recirculation (EGR) systems, are used by diesel engine and turbocharger manufacturers to reduce emissions, improve fuel efficiency and increase horsepower. Primary end markets include heavy duty truck and off-highway equipment serving customers such as Caterpillar Inc., DAF, Honeywell, and BorgWarner. Actuation systems are also sold to various specialty vehicle OEMs (principally in the defense and off-highway markets) such as Oshkosh, BAE Systems, and Winnebago. The Weasler business within the segment provides highly engineered drive train components and systems for agricultural, lawn & turf and industrial markets to customers such as CNH, Deere, MacDon, and Kuhn. Other businesses in this segment include maximatecc, which produces severe-duty electronic instrumentation (including displays and clusters, machine controls and sensors), Elliott which provides custom designed flexible shafts and push pull cable assemblies and Sanlo which produces custom steel cable assemblies.
PRODUCTSHydraulic position & motion control systems
Engine & turbocharger air flow valves
Severe duty instrumentation and electronic controls
Steel cables & assemblies
MARKETS SERVEDVehicle OEM's: Truck, Auto, Off-Highway, Agriculture, RV
Diesel engine & turbocharger manufacturers
Agriculture Implement OEM & AM
Farm & Fleet
Enerpac, Milwaukee Cylinder, Simplex, Precision-Hayes, Power Bolting
Hydratight, Cortland, SeaTech, Selantic, Injectaseal, DL Ricci, Biach Industries
Power-Packer, maximatecc, Weasler, Elliott Manufacturing, Sanlo, Gits Manufacturing
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
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.