08:39 AM EST, 01/02/2025 (MT Newswires) -- Applied Industrial Technologies ( AIT ) said Thursday it acquired fluid power company Hydradyne for consideration of about $273 million after contractual closing adjustments.

The consideration for the deal, which was completed Dec. 31, 2024, is subject to further post-closing adjustments, the company said in a regulatory filing.

The company said the acquisition is expected to be accretive to earnings per share within the first year of ownership.