Applied Industrial Technologies (AIT)

Applied Industrial Technologies, Inc. is a common stock listing on the NYSE for a company that distributes industrial motion, power, control, and automation technology solutions. Its operations are organized into two segments: Service Center and Engineered Solutions. The Service Center segment supplies industrial bearings, power transmission products, fluid power components and systems, specialty flow control, factory automation solutions, and other maintenance-related products, along with installation, modification, and repair services for conveyor belts, rubber linings, and hose assemblies. The Engineered Solutions segment focuses on the distribution, engineering, design, integration, and repair of hydraulic and pneumatic technologies, engineered flow control products, and automation systems. The company serves customers across the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. Founded in 1923 and headquartered in Cleveland, Ohio, it was previously known as Bearings, Inc. and adopted its current name in 1997.

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