Applied Industrial Technologies, Inc. (AIT) is a publicly traded company in the Industrials sector, operating within the Industrial - Distribution industry. The company is headquartered in Cleveland, OH, United States. The current CEO is Neil A. Schrimsher.
AIT has IPO date of 1980-03-17, 6,818 full-time employees, listed on the NYSE, a market capitalization of $11.01B.
Applied Industrial Technologies, Inc. is a leading distributor of industrial motion, power, control, and automation technology solutions operating across North America, Australia, New Zealand, and Singapore. Through its Service Center Based Distribution and Fluid Power & Flow Control segments, the company supplies a comprehensive range of products including bearings, power transmission components, hydraulic and pneumatic systems, motors, pumps, valves, automation products, and industrial maintenance supplies to diverse industrial customers. The company also operates fabricated rubber shops and field service crews that provide installation, repair, and technical support services for conveyor systems and hose assemblies. Applied Industrial serves multiple end markets spanning agriculture, chemicals, mining, oil and gas, manufacturing, and utilities, among others. Founded in 1923 and headquartered in Cleveland, Ohio, the company has evolved from its origins as Bearings, Inc. to become a diversified industrial distributor.
