Applied industrial technologies announces closing of grupo kopar acquisition

Cleveland--(business wire)--applied industrial technologies (nyse: ait) today announced the closing of its acquisition of grupo kopar (kopar), a provider of emerging automation technologies and engineered solutions. kopar is based in monterrey, mexico. the acquisition closed on may 1st and terms of the transaction were not disclosed. neil a. schrimsher, president & chief executive officer for applied, commented, “we are pleased to officially welcome kopar to applied. this acquisition repres.
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