Actuant Buys Viking SeaTech for ~$225M
August 02, 2013 at 07:34 AM EDT
Actuant Corporation (NYSE: ATU ) announced today the signing of a definitive agreement to acquire Viking SeaTech (“Viking”). The purchase is subject to customary regulatory approvals and closing conditions, and is expected to be completed within 45 days. The approximately £150 million ($225 million) purchase price will be funded from the Company's cash