Applied Industrial Technologies (NYSE: AIT) today announced it has acquired Advanced Control Solutions (“ACS”), a provider of automation products, services, and engineered solutions focused on machine vision equipment and software, mobile and collaborative robotic solutions, intelligent sensors, logic controllers, and other related equipment. Terms of the transaction were not disclosed.
“The addition of ACS extends and enhances our automation offering by providing next generation automation solutions through emerging technologies and specialized engineering services,” said Neil A. Schrimsher, President & Chief Executive Officer for Applied. “Their strong Southeast presence brings established customer relationships and supplier partnerships, plus an experienced team with valuable capabilities including state-of-the-art automation training and machine vision engineering expertise.”
Founded in 1998, ACS and its team of 43 associates serve customers throughout Alabama, Georgia, Mississippi, South Carolina and Tennessee from four locations – Marietta, GA; Spring Hill (Nashville), TN; Knoxville, TN; and
Manifold, the applied AI company, announced a seed financing to support rapid growth, led by Jon Karlen, chairman of Acadian Software and former board member of PillPack. He was joined by Waterline Ventures where Robbie Greenglass led the investment and by former executives, investors, and board members of Amazon, Auris Health, Brightree, and Elevation Pharmaceuticals.
Manifold partners with visionary leaders to make progress rapidly on AI mandates from C-suites and Boards through joint discovery and development programs. Manifold’s AI foundry brings together the infrastructure, algorithms, data, and multidisciplinary R&D team needed to rapidly forge market ready products. In contrast to other tools companies, Manifold’s AI scientists and software engineers work closely with biomedical scientists and engineers to invent novel solutions. Past collaborations have resulted in patents and publications in addition to products, for areas ranging from PK/PD modeling to HEOR and adherence.
“Manifold is continuing to experience rapid growth, with