of buzzwords . specific concerns may be found on the talk page . please help improve this article if you can . february 2016 actuant corporation type public traded as nyse atu industry conglomerate founded 1910 founders leo bethke frank lueck charles krause headquarters menomonee falls wisconsin u.s. area served worldwide key people randy baker chairman ceo president revenue us 1.4500 billion 2016 1 operating income us .138 billion 2016 1 total assets us 1.637 billion 2016 1 total equity us .673 billion 2016 1 number of employees 6 000 2016 1 website actuant.com actuant corporation is an american 2 3 diversified industrial company serving customers from operations in more than 30 countries . the actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions ; specialized products and services for energy markets and highly engineered position and motion control systems . the company was founded in 1910 and is headquartered in menomonee falls wisconsin . actuant business operations are divided into three segments focused on the markets they serve . contents 1 history 1.1 timeline 2 business segments 2.1 industrial 2.2 energy 2.3 engineered solutions 3 businesses 4 awards and recognition 5 restatement 6 references 7 external links history edit timeline edit in 2010 historian john gurda authored the drive to lead a history of actuant that celebrated the company s 100th anniversary . 4 5 1910 founded as american grinder and manufacturing 1927 applied power enters hydraulic business with blackhawk 1958 enerpac founded 1970 power packer founded 1987 applied power initial public offering trades on nasdaq 1988 applied power acquires gardner bender from gardner family 1989 applied power acquires barry wright corporation 1992 applied power common stock trading moves to the nyse 1996 applied power starts a roll up of electronic contract manufacturers with the acquisition of everest 1997 applied power acquires versa technologies including power gear and milwaukee cylinder 1998 applied power reorganizes into two business groups industrial and electronics to reflect the growth of the electronic contract manufacturing business 2000 applied power spins off its electronics business segment into a separate public company called apw ltd. the remainder of applied power consisting of its former industrial segment begins doing business as actuant corporation and trading on the nyse as atu . 2001 applied power changes name to actuant 2002 actuant successfully completes 105 million follow on equity offering using proceeds to retire 35 % of 13 % senior subordinated notes 2003 actuant acquires heinrich kopp a.g european electrical 2004 actuant acquires kwikee products rv and dresco b.v. european electrical and successfully completes 125 000 convertible bond offering . 2005 actuant acquires hedley purvis and hydratight sweeney initiating the joint integrity platform . 6 also completes its largest acquisition to date key components inc which included gits marinco acme and elliott . 2006 actuant acquires d.l. ricci precision sure lock actown and bep marine . 2007 actuant deploys 163 million of capital on five tuck in acquisitions including veha injectaseal maxima ttf and bh electronics . 2008 actuant acquires tk simplex and superior plant services both tuck ins to the industrial segment . 2009 actuant acquires cortland adding a new platform electro mechanical cables & umbilicals and engineered synthetic rope to the portfolio . 2010 actuant celebrates its centennial . 2010 ceo bob arzbaecher and actuant management ring the closing bell at the nyse celebrating centennial . 7 2010 ceo arzbaecher talks with cnbc . 8 2011 achieves record cash flow of 158 million and deploys just over 300 million to acquire mastervolt and weasler engineering . 2012 acquisition of jeyco pty. ltd. in australia turotest in brazil and crosscontrol ab in sweden . 2013 divestiture of actuant electrical segment 2013 acquisition of viking sea tech . 9 2014 mark goldstein becomes president and ceo of actuant corporation 2015 acquisition of hayes industries ltd for nearly 31 million us dollars . 10 2015 actuant names board president bob arzbaecher interim ceo 2016 randy baker becomes president and ceo of actuant corporation business segments edit actuant is organized into three segments industrial energy and engineered solutions . the industrial segment is primarily involved in the design manufacture and distribution of branded hydraulic and mechanical tools to the maintenance industrial infrastructure and production automation markets . the energy segment provides joint integrity products and services as well as umbilical rope and cable solutions to the global oil and gas power generation and energy markets . the engineered solutions segment provides engineered position and motion control systems to oems in various vehicle markets as well as a variety of other industrial products . industrial edit actuant s industrial segment designs produces and markets its industrial tools primarily through its better known enerpac simplex precision sure lock and milwaukee cylinder brands . the company has a large presence in the lifting industry . their products are used in industrial infrastructure energy mining rail and other environments . enerpac is a supplier of specialized high force hydraulic industrial tools . the hydraulic tool line consists of a broad range of products that are generally sold by industrial and specialty fluid power distributors to customers in the infrastructure mining steel mill cement rail oil and gas and general maintenance industries . enerpac is a supplier of hydraulic workholding components and systems . the products are marketed through distributors to the automotive machine tool and fixture design markets . enerpac also provides high force hydraulic systems ; these customized hydraulic products and systems are sold to construction firms or direct to oem customers . 11 products hydraulic cylinders pumps valves concrete tensioning integrated solutions production automation markets served infrastructure and bridges power generation oil and gas mining shipbuilding buildings and stadiums petrochemical manufacturing steel production and metal production workholding sample customers fluid power distributors grainger ait hydraulic power caterpillar balfour beatty american bridge company mammoet energy edit actuant s energy segment is a supplier of joint integrity products and services as well as umbilical rope cable and sub sea mooring solutions to the global oil and gas power generation and various diversified energy and non energy markets under the hydratight cortland and viking seatech brands . hydratight provides joint integrity products and services using hydraulic torque wrenches bolt tensioners and portable machining equipment which are sold or rented to asset owners service providers and through distributors or used to service customer assets . these products are used in but not limited to the maintenance of joints on oil rigs and platforms wind turbines refineries and pipelines as well as fossil fuel and nuclear power plants to reduce customer downtime and provide increased safety and reliability . these products also provide manpower services whereby trained technicians perform bolting machining and diverse joint integrity work for customers . within the energy segment the cortland business provides custom engineered umbilicals cable and high performance slings and synthetic rope to service providers and asset owners which are used in the maintenance and installation of sub sea oil and gas production equipment as well as in oil and gas exploration . energy segment sales and services are provided to customers in emerging markets as well as in the north sea middle east south america china asia gulf of mexico and canada . 11 products hydraulic torque wrenches and tensioners in situ machining equipment on site joint integrity & other services equipment rental emergency pipeline connectors electro mechanical cables and umbilicals engineered synthetic rope slings markets served oil and gas power generation petrochem wind turbines nuclear medical defense marine sample customers bp petrofac shell statoil technip bechtel oceaneering cggveritas subsea 7 sercel cook medical lockheed martin maersk seadrill engineered solutions edit the engineered solutions segment is a leading global designer and assembler of customized position and motion control systems and other industrial products to various transportation and other niche markets . the vehicle systems product lines power packer gits and power gear brands are sold to the truck automotive off highway and specialty vehicle markets . products include hydraulic cab tilt and latching systems sold to global heavy duty truck oems such as volvo iveco scania ab and cnhtc and electro hydraulic convertible top latching and actuation systems . the automotive systems are utilized on both retractable soft and hard top vehicles manufactured by oems such as daimler audi volkswagen renault bmw volvo and nissan . diesel engine air flow solutions such as exhaust gas recirculation egr systems are used by diesel engine and turbocharger manufacturers to reduce emissions improve fuel efficiency and increase horsepower . primary end markets include heavy duty truck and off highway equipment serving customers such as caterpillar inc. daf honeywell and borgwarner . actuation systems are also sold to various specialty vehicle oems principally in the defense and off highway markets such as oshkosh bae systems and winnebago . the weasler business within the segment provides highly engineered drive train components and systems for agricultural lawn & turf and industrial markets to customers such as cnh deere macdon and kuhn . other businesses in this segment include maximatecc which produces severe duty electronic instrumentation including displays and clusters machine controls and sensors elliott which provides custom designed flexible shafts and push pull cable assemblies and sanlo which produces custom steel cable assemblies . 11 products hydraulic position & motion control systems engine & turbocharger air flow valves severe duty instrumentation and electronic controls pto drivelines flexible shafts steel cables & assemblies markets served vehicle oem s truck auto off highway agriculture rv diesel engine & turbocharger manufacturers agriculture implement oem & am medical security aerospace military sample customers volvo scania ab daf cnhtc webasto valmet cts honeywell holset cummins borgwarner caterpillar john deere agco atlas copco cnh bae oshkosh farm & fleet tractor supply businesses edit industrial enerpac milwaukee cylinder simplex precision hayes power bolting energy hydratight cortland seatech selantic injectaseal dl ricci biach industries engineered solutions power packer maximatecc weasler elliott manufacturing sanlo gits manufacturing awards and recognition edit the robert w. baird outstanding achievement award in employee giving 12 forbes 400 best big companies 13 businessweek top 100 hot growth company 14 investor s business daily actuant corp. milwaukee wisconsin ; manufacturer is a switch hitter on growth 15 investor s business daily actuant seeks out niches to make it big fish in pond 16 milwaukee business journal andy lampereur named cfo of the year 17 restatement edit on december 19 2001 actuant corp restated its net sales and cost of goods sold for fiscal 2001 to reflect shipping and handling income and costs in accordance with emerging issues task force abstract no. 00 10 . 18 references edit a b c d e 2016 form 10 k actuant corporation pdf . actuant corporation . http www.actuant.com https www.linkedin.com company actuant corporation did you know historian completes book about actuant . biztimes . 2010 10 15 . archived from the original on 2011 09 29 . retrieved 2012 01 14 . archived copy pdf . archived from the original pdf on 2011 05 14 . retrieved 2011 10 12 . the history of hydratight . hydratight.com . retrieved 2013 02 20 . nyse new york stock exchange about us news & events nyse calendar actuant corporation celebrates centennial and 10 year anniversary of successful spin off at the nyse . nyse.com . retrieved 2012 01 14 . actuant celebrates 100 years cnbc . video.cnbc.com . 2009 02 26 . retrieved 2012 01 14 . actuant completes acquisition of viking seatech in aberdeen scotland . the motley fool . retrieved 2013 09 13 . actuant purchases hayes industries ltd . a b c reuters atu . reuters stocks . retrieved november 2 2011 . the robert w. baird outstanding achievement award in pdf . retrieved 10 april 2012 . forbes 400 best big companies . 2008 12 22 . retrieved 10 april 2012 . actuant corporation named to business week s list of 100 hot growth companies pdf . business week . retrieved 10 april 2012 .