Market Overview

Actuant Acquires CrossControl AB for $40M+

Actuant Corporation (NYSE: ATU) announced today that it has completed the acquisition of Alfta, Sweden based CrossControl AB for cash of approximately $40 million, plus potential future performance related consideration. CrossControl is a leading provider of advanced electronic solutions for user-machine interaction, vehicle control, and mobile connectivity in critical environments and has annual revenues of approximately $40 million.

Posted-In: News M&A

 

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