Applied Industrial Technologies (AIT) said Thursday it has agreed to acquire IRIS Factory Automation, a provider of automation products, services and turn-key productized offerings.
Financial terms of the acquisition, which is expected to close this week, were not disclosed.
Applied Industrial also said its board has authorized a new share buyback program for up to 1.5 million common shares, replacing the prior repurchase plan.
Price: 232.92, Change: -10.36, Percent Change: -4.26
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