Posted August 14, 2019

Applied to acquire Olympus Controls

Applied Industrial Technologies has signed a definitive agreement to acquire Olympus Controls Corp., an automation solutions provider – including design, assembly, integration, and distribution – of motion control, machine vision, and robotic technologies.

The transaction is expected to close before the end of August 2019.

“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 Neil A. Schrimsher, president and chief executive officer for Applied. “Their addition is a strong complement to our business, further broadening our capabilities, customer opportunities and technical presence across varied industrial segments.”

Founded in 1998, Olympus and its team of 80-plus 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; 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 business will continue to operate under the Olympus Controls name.