Actuant Corp. has agreed to purchase Mirage, a provider of industrial and energy maintenance tools, from Acteon. The transaction is subject to customary regulatory approvals and closing conditions.
“The Mirage business, headquartered in the U.K., is a strong complement to our portfolio. It broadens our product line offerings, most notably in the flange facing and hot tapping categories, while providing additional rental and service opportunities,” said Randy Baker, Actuant president and CEO.
Ken Bockhorst, executive vice president for the energy segment of Actuant, added, “We are excited for Mirage Machines to join our team and believe the addition of their products and engineering expertise will create substantial and lasting value for both existing and new customers.”
For more information, visit www.Actuant.com or call (262) 293-1500.