Actuant Corporation (NYSE:ATU) expects hefty proceeds against the sale of the segment which it will use to fund acquisitions and return capital to the shareholders. The management wants the company to grow in four areas of operations, including infrastructure, energy, sustainability, and natural resources.
In latest news, Actuant Corporation (NYSE:ATU) has acquired Scotland-based Viking SeaTech. Viking serves energy companies that have offshore assets. Actuant believes that it will derive great synergies from the acquisition because of the similarity of operations of the two companies. The company is responding well to the situation and I am positive about its future.
The industrial sector provides many exciting investment opportunities like the three companies mentioned above. In my opinion, all three of these companies have great potential going forward. I am particularly positive about Chart Industries, Inc. (NASDAQ:GTLS) because the geopolitical factors are largely in its favor.
The article 3 Great Companies in Small Packages originally appeared on Fool.com and is written by Usman Ghani.
Usman Ghani has no position in any stocks mentioned. The Motley Fool recommends Chart Industries.
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