ACTUANT CORPORATION (NYSE:ATU) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01Completion of Acquisition or Disposition of Assets.
On December 1, 2017, Actuant Corporation (“Actuant,” or the "Company") completed the sale of its Viking SeaTech (“Viking”) business to Acteon Group Limited (“Acteon”). The purchase price was $12 million and was paid in cash at the closing of the transaction, subject to closing working capital, cash and indebtedness and other adjustments.
A copy of the press release announcing the completion of the Viking divestiture is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The unaudited pro forma financial information required by Item 9.01 is filed as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01Financial Statements and Exhibits
(b) Pro forma financial information:
The following unaudited pro forma financial information of the Company, which gives effect to the disposition of the Viking business, is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference:
– Unaudited Pro Forma Consolidated Balance Sheet as of August 31, 2017
– Unaudited Pro Forma Consolidated Statement of Operations for the Year Ended August 31, 2017
Press Release of the Company dated December 1, 2017
Unaudited Pro Forma Consolidated Financial Statements
ACTUANT CORP ExhibitEX-99.1 2 atu-12062017xexhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 ACTUANT COMPLETES VIKING SEATECH DIVESTITURE AND MIRAGE MACHINES ACQUISITION MILWAUKEE,…To view the full exhibit click
About ACTUANT CORPORATION (NYSE:ATU)
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Company’s Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil and gas, power generation and other energy markets. The Company’s Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.