Applied Industrial completes $273M acquisition of Hydradyne, LLC

APPLIED INDUSTRIAL TECHNOLOGIES INC

Completed acquisition of Hydradyne on Dec 31, 2024 for approx. $273M in cash, subject to post-closing adjustments.
Hydradyne is a fluid power solutions provider with locations across the Southeastern U.S.
Expected to contribute ~$260M in sales and ~$30M in EBITDA within first 12 months before synergies; accretive to EPS.
Enhances Applied's fluid power distribution position with complementary technical capabilities.
Further EPS accretion guidance to be provided with fiscal 2025 Q2 results later this month.

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