Actuant Corporation was incorporated in 1910 as a Wisconsin corporation. The Company is a diversified company that designs, manufactures and distributes various industrial products and systems. The Company's products and services are generally available internationally, with its markets outside the United States being Europe and Asia. The Company's business segments are Industrial, Energy and Engineered Solutions. The Company's raw material includes steel, plastic resin and copper, are subject to price fluctuations. The Industrial segment is involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Industrial segment is a supplier of branded hydraulic and mechanical tools to various end markets, including general maintenance and repair, industrial, infrastructure and production automation. Its primary products include high-force hydraulic tools, engineered heavy lifting solutions, workholding (production automation) solutions and concrete stressing products. Its hydraulic and mechanical tools are marketed through the Enerpac, Simplex, Precision Sure-Lock and Milwaukee Cylinder brand names. In addition the segment also provides high-force hydraulic systems (integrated solutions) to meet customer specific requirements for safe and precise control of movement and positioning. The Energy segment provides technical products and services to the international energy markets. Some of its products include joint integrity tools and connectors for oil & gas and power generation installations, mooring solutions, as well as rope and cable solutions. In addition to these products, the Energy segment also provides manpower services, including machining, engineering and maintenance activities. The products and services of the Energy segment are distributed and marketed under various brand names such as Hydratight, Cortland and Viking SeaTech to OEMs, maintenance and service organizations and energy producers in emerging and developed countries. It also provides rope and cable solutions that maximize performance, safety and efficiency for customers in various markets including oil & gas, heavy marine, subsea, ROV and seismic. The Engineered Solutions segment is a designer and assembler of customized position and motion control systems and other industrial products to various transportation and other niche markets. Some of its products in this segment are marketed directly to OEMs through a technical sales organization. This segment is also a designer and assembler of customized position and motion control systems and other industrial products to various transportation and other niche markets. This segment provides technical and engineered products, including actuation systems, mechanical power transmission products, engine air flow management systems, human to machine interface (HMI) solutions and other rugged electronic instrumentation. The Company's operations are subject to federal, state, local and foreign laws and regulations relating to the protection of the environment, including those regulating discharges of hazardous materials into the air and water, the storage and disposal of such materials and the clean-up of soil and groundwater contamination.
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