Actuant Completes Sale Of Electrical Segment

The Electrical Segment’s results have not been included in Actuant’s continuing operations and therefore, the sale has no impact on Actuant’s sales and earnings guidance for fiscal 2014.

Milwaukee, WI - Actuant Corporation announced that it has completed the previously announced sale of its Electrical Segment to Sentinel Capital Partners for $258 million in cash, subject to working capital and other post-closing adjustments.

The Electrical Segment’s results have not been included in Actuant’s continuing operations and therefore, the sale has no impact on Actuant’s sales and earnings guidance for fiscal 2014.

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