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Announced

Ohio Transmission to acquire AAP Automation.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Acquisition

Domestic

Private

United States

Engineering Consulting

Machine Automation

Pending

Majority

Synopsis

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Ohio Transmission, an industrial equipment service provider and distributor, agreed to acquire AAP Automation, a provider of machine automation and control solutions. Financial terms were not disclosed. “This acquisition is an important part of expanding our geographical footprint and capabilities. We are excited to have AAP as part of our family of OTC companies," Glenn Ritzi, OTC President, Industrial Products Group.

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