Actuant Signs Agreement to Acquire Weasler Engineering for $155M

Actuant Corporation ATU announced today the signing of a definitive agreement to acquire Weasler Engineering, Inc.. The purchase is subject to customary regulatory approvals and closing conditions, and is expected to close in June 2011. Total consideration for the transaction is approximately $155 million which will be funded from the Company's cash and revolving credit facility. Weasler generated approximately $85 million in revenue in the past twelve months.