Applied Industrial Technologies Announces Closing of Grupo Kopar Acquisition
Summary
This acquisition represents a key strategic step in the expansion of our automation platform with the extension of our footprint into Mexico. Kopar is a leader in the markets they serve and has strong alignment with our strategy focused on high-value robotics, machine vision, and IoT applications. They bring established customer and supplier relationships along with an experienced team of approximately 200 associates highly regarded for their technical and application expertise. We expect Kopar to drive solid momentum across our scaling automation position in North America, including positively influencing our sales and earnings growth into fiscal 2025 and beyond.” Kopar operates from 16 locations primarily across Mexico, as well as Costa Rica and Texas, and serves customers primarily in food & beverage, automotive, light manufacturing, electronics, and pharmaceutical end markets. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.