Applied Industrial Technologies to acquire Olympus Controls.

Applied Industrial Technologies has acquired Olympus Controls, an automation solutions provider – including design, assembly, integration, and distribution – of motion control, machine vision, and robotic technologies. Financial terms were not disclosed. Olympus is a full-service provider of innovative technologies and complete engineered solutions for OEMs, machine builders, integrators, and end-users. The business will continue to operate under the Olympus Controls name. “Olympus brings to Applied a full range of value-added automation expertise, with leading technology solutions, an established geographic footprint, and strong supplier partnerships. Their addition is a strong complement to our business, further broadening our capabilities, customer opportunities and technical presence across varied industrial segments.” Neil A. Schrimsher, Applied President and CEO.