Actuant Corp. (ATU: Quote) announced that it has completed the acquisition of Alfta, Sweden based CrossControl AB for cash of approximately $40 million, plus potential future performance related consideration.
CrossControl is a provider of advanced electronic solutions for user-machine interaction, vehicle control, and mobile connectivity in critical environments and has annual revenues of approximately $40 million. CrossControl will operate as part of the Maxima business within Actuant's Engineered Solutions Segment.
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by RTT Staff Writer
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