Applied Industrial Technologies, Inc.
| New York Stock Exchange: AIT
Similar to: Gevelot SA
Applied Industrial Technologies, Inc. distributes bearings, power transmission components and other industrial products. It operates through two segments: Service Center-based Distribution and Fluid Power Businesses. The Service Center-based Distribution segment provides customers with a wide range of industrial products through a network of service centers. The Fluid Power Businesses segment consists of specialized regional companies that distribute fluid power components and operate shops to assemble fluid power systems and perform equipment repair. It sells products and services directly to customers rather than through the service centers. The company distributes power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and other industrial supplies. The company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services. It offers maintenance training and inventory and storeroom management solutions. Applied Industrial Technologies was founded in 1923 and is headquartered in Cleveland, OH.