logo
Share SHARE
FONT-SIZE Plus   Neg

Applied Industrial Technologies Buys Texas Oilpatch Services

Applied Industrial Technologies, Inc. (AIT) said Thursday that it has bought Texas Oilpatch Services Corp., a Houston, Texas-based distributor of bearings, oil seals, power transmission products, and related replacement parts to the oilfield industry.

While the terms of the sale were not disclosed, the deal will be accretive in the current fiscal year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT