Profile: Actuant Corp (ATU)
22 Nov 2017
Actuant Corporation, incorporated on October 26, 1910, designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company's 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 Company's Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil and gas, power generation and other energy markets. The Company's Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.
The Company's Industrial segment is a global supplier of hydraulic and mechanical tools to a range of end markets, including general maintenance and repair, industrial, oil and gas, mining, infrastructure and production automation. The Company's primary products include high-force hydraulic tools, engineered heavy lifting solutions, workholding (production automation) solutions, and concrete stressing components and systems. Its high-force hydraulic and mechanical tools, including cylinders, pumps, valves, specialty tools and presses are designed to allow users to apply controlled force and motion. The hydraulic tools operate at high pressures of approximately 5,000 to 12,000 pounds per square inch and are generally sold by industrial and specialty fluid power distributors to customers in the infrastructure, mining, steel mill, cement, rail, oil and gas, power generation and general maintenance industries. In addition to providing a line of industrial tools, the segment also provides high-force hydraulic systems (integrated solutions).
The Company's integrated solutions standard product offering also includes hydraulic gantries, strand jacks and synchronous lift systems. The Industrial segment offers a range of workholding products (work supports, swing cylinders and system components) that are marketed through distributors to the automotive, machine tool and fixture design markets. In addition, the Industrial segment designs, manufactures and distributes concrete tensioning products (chucks and wedges, stressing jacks and anchors), which are used by concrete tensioning system designers, fabricators and installers for the residential and commercial construction, bridge, infrastructure and mining markets.
The Company's Energy segment provides products and services to the global energy markets. The Company's products include joint integrity tools and connectors for oil and gas and power generation installations and high performance ropes, cables and umbilicals. In addition to these products, the Energy segment also provides mooring systems and joint integrity tools under rental arrangements, as well as technical manpower solutions. The products and services of the Energy segment are distributed and marketed under various brand names (principally Hydratight, Cortland and Viking SeaTech) to OEMs, maintenance and service organizations and energy producers in emerging and developed countries. Its joint integrity products include hydraulic torque wrenches, bolt tensioners, portable machining equipment and subsea connectors, which are either sold or rented to asset owners, service providers and end users. These products are used in the maintenance of bolted joints on oil rigs and platforms, wind turbines, refineries and pipelines, petrochemical installations, as well as fossil fuel and nuclear power plants. Its Hydratight business provides manpower services where its trained technicians perform bolting, machining and joint integrity work for customers. The Company delivers products and services through a localized infrastructure of rental and maintenance depots.
The Company's Energy segment develops highly-engineered rope, umbilical and cable solutions to various markets, including oil and gas, heavy marine, subsea, remote operating vehicle (ROV) and seismic. With its global design and manufacturing capabilities, the Cortland business provides customized synthetic ropes, heavy lift slings, specialized mooring, rigging and towing systems, electro-optical-mechanical cables and umbilicals. These products are utilized in applications, often deployed in harsh operating conditions (subsea oil and gas production, maintenance and exploration). In addition, the Energy segment provides customers with a range of marine mooring equipment and associated services (survey, inspection, design and installation). Its Viking business delivers mooring solutions in the harshest environments to customers involved in offshore oil and gas exploration, offshore construction and renewable energy projects.
The Company's Engineered Solutions segment designs and assembles customized position and motion control systems and other industrial products to various vehicle and other markets. The Engineered Solutions segment focuses on providing technical and highly engineered products, including actuation systems, mechanical power transmission products, engine air flow management systems, human to machine interface (HMI) solutions and other rugged electronic instrumentation. Products in the Engineered Solutions segment are primarily marketed directly to OEMs through a technical sales organization. The Company's diesel engine air flow solutions, such as exhaust gas recirculation (EGR) systems and air flow actuators, are used by diesel engine and turbocharger manufacturers. It also sells actuation systems to a range of specialty vehicle customers, principally in the defense and off-highway markets. Its products include severe-duty electronic instrumentation, such as displays and clusters, machine controls and sensors, and HMI solutions and power transmission products, such as drive shafts, torque limiters, gearboxes, torsional dampers and flexible shafts. These products are sold to a range of markets, including agricultural implement, lawn and turf, construction, forestry, industrial, aerospace, material handling and security.
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MENOMONEE FALLS WI 53051-3348