(RTTNews.com) - Applied Industrial Technologies ( AIT ) announced Tuesday that it has reached a definitive agreement to acquire FCX Performance, Inc., a distributor of specialty process flow control products and services based in Columbus, Ohio, for total consideration of approximately $768 million, subject to customary adjustments.

The company expects the acquisition to contribute approximately $550 million in sales and $68 million in EBITDA in the first 12 months of Applied ownership, prior to recognition of one-time transaction expenses and the impact of purchase accounting adjustments.

Additionally, the transaction is expected to be accretive in fiscal year 2019 following recognition of related one-time transaction costs in fiscal year 2018.

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The College of Applied and Industrial Sciences was established to fill the technological gap and to promote the role of science as the basic tool for development. Emphasis is evenly spread over basic and applied sciences, and extended to areas of industrial production applied at small as well as larger scales. Our target is the self-employed professional scientist, the Industrial and Applied science Researcher. This is because self employment in the form of small industries or the so called backyard industry is the first step towards an industrialized private sector.

The college of Applied and Industrial sciences was established in 1996. The Mission of the college is to provide students with a wide range of educational opportunities, by which they may impart technical knowledge and skills, achieve competence in the various disciplines, promote lifelong learning and contribute to the economy and the welfare of human kind.

To provide students with wide range of educational opportunities through which they may gain and impart technical knowledge and skills, achieve competence in various disciplines, promote lifelong learning and contribute to the economy and welfare of the society.

(RTTNews.com) - Applied Industrial Technologies ( AIT ) announced Tuesday that it has reached a definitive agreement to acquire FCX Performance, Inc., a distributor of specialty process flow control products and services based in Columbus, Ohio, for total consideration of approximately $768 million, subject to customary adjustments.

The company expects the acquisition to contribute approximately $550 million in sales and $68 million in EBITDA in the first 12 months of Applied ownership, prior to recognition of one-time transaction expenses and the impact of purchase accounting adjustments.

Additionally, the transaction is expected to be accretive in fiscal year 2019 following recognition of related one-time transaction costs in fiscal year 2018.

(RTTNews.com) - Applied Industrial Technologies ( AIT ) announced Tuesday that it has reached a definitive agreement to acquire FCX Performance, Inc., a distributor of specialty process flow control products and services based in Columbus, Ohio, for total consideration of approximately $768 million, subject to customary adjustments.

The company expects the acquisition to contribute approximately $550 million in sales and $68 million in EBITDA in the first 12 months of Applied ownership, prior to recognition of one-time transaction expenses and the impact of purchase accounting adjustments.

Additionally, the transaction is expected to be accretive in fiscal year 2019 following recognition of related one-time transaction costs in fiscal year 2018.

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

Investor Relations | Applied Industrial Technologies – IR Site


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Posted by 2018 article

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