There are some stories in the stock market that are written without much media attention, but grow all the more impressively over time. Applied Industrial Technologies is exactly that case. Over the past five years, its market value has risen by more than 300 %equivalent to an average annual appreciation of around 60 % - a performance that would be the envy of most technology companies. What started as a classic industrial distributor of bearings, seals and hydraulics has turned into a highly profitable business with a technological soul and a clear growth strategy in automation.

The industrial world is changing - and faster than it used to. Where logistics and component cost used to be decisive, technology, efficiency and integration capability are now taking over. Companies that can combine traditional manufacturing with automation are becoming the new winners of the industrial cycle. Against this backdrop, a story has been born that combines precision engineering, the discipline of…