Actuant Completes Acquisition of Viking SeaTech

  Actuant Completes Acquisition of Viking SeaTech

Business Wire

MILWAUKEE -- August 27, 2013

Actuant Corporation (NYSE:ATU) announced today the completion of its
acquisition of Viking SeaTech (“Viking”). Total consideration for the
previously announced transaction was £150 million (approximately $225 million)
which was funded from the Company’s cash and revolving credit facility.

Headquartered in Aberdeen, Scotland, Viking is an offshore support specialist
providing a comprehensive range of equipment and services to the offshore oil
and gas industry, primarily in the North Sea (U.K. and Norway) and Australia.
The majority of Viking’s revenue is derived from offshore vessel mooring
solutions which include design, rental, installation and inspection. Viking
also provides survey, manpower and other marine services to offshore energy
asset owners.

The Company will be announcing its fiscal 2013 fourth quarter and full year
financial results on Tuesday, October 1, 2013 and will provide additional
information at that time about Viking and its anticipated impact on future
operating results.

About Actuant

Actuant Corporation is a diversified industrial company serving customers from
operations in more than 30 countries. The Actuant businesses are leaders in a
broad array of niche markets including branded hydraulic tools and solutions;
specialized products and services for energy markets and highly engineered
position and motion control systems. The Company was founded in 1910 and is
headquartered in Menomonee Falls, Wisconsin. Actuant trades on the NYSE under
the symbol ATU. For further information on Actuant and its businesses, visit
the Company's website at www.actuant.com.

Contact:

Actuant
Karen Bauer
Communications & Investor Relations Leader
262-293-1562
 
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