Enerpac Tool Group Corp - Company Profile
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Business Description
Enerpac Tool Group Corp (Enerpac Tool) designs, manufactures, and distributes a range of industrial products and systems to various end markets. The company operates its business in high-pressure hydraulic equipment, controlled-force goods, and heavy-load positioning solutions. It offers highly engineered position and motion control systems, and hydraulic and mechanical tools to diversified markets, and provides specialized technical products and services to the energy markets. The company serves customers in more than 100 countries globally. It operates through one reportable business segment: Industrial Tools and Services (IT&S).
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R&D Overview
Enerpac Tool's research and development (R&D) focuses on developing new products and enhancing the functionality, effectiveness, ease of use and reliability of its existing products. The company's advanced design and engineering capabilities contribute to the development of innovative and highly engineered products, help maintain its technological leadership and also enhance the ability to provide its customers unique and customized solutions and products. In FY2023, it incurred expenses of US$9 million on R&D, which as a percentage of revenue, stood at 5.9%.
Business Segments
Overview
Distributes branded hydraulic and mechanical tools to various end industries such as mining, energy, and industrial. The product line includes a variety of items such as hydraulic torque wrenches, connectors for oil and gas, and heavy lifting technologies.
Performance
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Overview
The other operating segment creates and produces biomedical textiles and high-performance synthetic ropes.
Performance
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Geographical Segments
- All Other
- Australia
- Brazil
- Canada
- China
- France
- Germany
- Saudi Arabia
- United Kingdom
- United States of America
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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