Quarterlytics / Industrials / Industrial - Distribution / Applied Industrial

Applied Industrial

AIT · NYSE Industrials
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Ticker AIT
Exchange NYSE
Sector Industrials
Industry Industrial - Distribution
Employees 5001-10,000

Business description

Applied Industrial Technologies Expands Industrial Solutions Across North America and Asia Applied Industrial Technologies, Inc, a leading distributor of industrial motion, power, control, and automation technology solutions, has expanded its reach across North America, Australia, New Zealand, and Singapore. The company, which operates through two segments - Service Center Based Distribution, and Fluid Power & Flow Control - provides a wide range of products, including bearings, power transmission products, advanced automation products, and industrial rubber products. With a focus on meeting the general operational needs of customers' machinery and equipment, Applied Industrial Technologies also offers motors, belting, drives, couplings, pumps, and hydraulic and pneumatic components. This broad portfolio is complemented by a network of service centers, as well as fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings. Applied Industrial Technologies caters to a broad range of industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, and life sciences. Its customer base also includes the oil and gas, primary metals, technology, transportation, and utilities sectors, as well as government entities. The company was established in 1923 as Bearings, Inc. before changing its name to Applied Industrial Technologies in 1997. Its headquarters are based in Cleveland, Ohio.

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Company facts
TickerAIT
ExchangeNYSE
Sector Industrials
Industry Industrial - Distribution
Employees5001-10,000