Aalberts Acquires Applied Process
Aalberts N.V. reached an agreement to acquire 100% of the shares of Applied Process, which has three locations in the United States: Livonia, Mich.; Oshkosh, Wis.; and Fort Smith, Ark. Applied Process specializes in the austempering process, a heat-treatment technology to solve complex engineering problems. Most of the business is derived from engineering conversions, providing conceptual design and engineering assistance.
The austempering process has been successfully used to increase the performance and lightweighting of components across end markets such as agriculture and construction equipment, mining, gears, powertrain, railroad and machinery. The existing management of Applied Process will work closely together with the management of Aalberts Material Technology USA. Applied will strengthen the service network in regions where Aalberts is not active and vice versa.
Netherlands-based Aalberts is an industrial technology company with operations in over 50 countries.