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Applied Industrial Technologies (AIT): Assessing Valuation Following Automation Push and IRIS Factory Automation Acquisition
If you’re weighing your next move with Applied Industrial Technologies (AIT), you’re not alone. The company has been in the spotlight since announcing its acquisition of IRIS Factory Automation back in May, a deal expected to boost its capabilities in automation as part of its Engineered Solutions segment. With continued strength coming from key markets like technology, food and beverage, pulp and paper, and oil and gas, investor interest is understandably piqued. There remains some softness...