Applied Industrial Technologies is set to acquire Olympus Controls Corp., an automation solutions provider of motion control, machine vision and robotic technologies.
“Olympus brings to Applied a full range of value-added automation expertise, with leading technology solutions, an established geographic footprint, and strong supplier partnerships,” said Applied President and CEO Neil A. Schrimsher.
Olympus and its team of 80+ employees serve customers throughout the Pacific Northwest, West Coast and Lower Central States from five locations in Tualatin, Oregon; Kent, Washington; Fremont, California; San Diego, California; and Lake Dallas, Texas. From components and assemblies to machine automation systems, Olympus is a full-service provider of innovative technologies and complete engineered solutions for OEMs, machine builders, integrators and end users.
The transaction is expected to close before the end of August 2019, after which the business will continue to operate under the Olympus Controls name.