,

Ritter Technology Acquires FLUID SYSTEMS ENGINEERING

May 3, 2017

Zelienople, PA, May 3, 2017– Ritter Technology, LLC (Ritter), a leading provider and distributor of industrial motion and control products, announced that it has acquired the business of Fluid Systems Engineering located in Clinton Township, MI. This most recent acquisition strengthens Ritter’s commitment to providing engineered hydraulic and pneumatic products to its customer base in the greater Detroit area.

Fluid Systems Engineering was founded in 1961 and purchased by Mark Steiner, John Doll and another individual in 1989. Fluid Systems Engineering has been serving automotive, industrial and governmental markets for nearly 56 years.

“We are pleased to welcome Mark Steiner and his team to our expanding network of motion and control companies. Given Ritter’s focus on providing products and services to our industrial customers in the Great Lakes Basin, Fluid Systems Engineering bolsters our presence in the Engineered hydraulics and pneumatics segment of our Michigan market. We see a great deal of synergy between our existing Michigan operations in Detroit, Saginaw, Warren, and Wixom, and look forward to enhancing our product offerings to customers in this important market.” stated Tim Hall, Chief Executive Officer of Ritter Technology, LLC.

“We have talked to Ritter over the years and understand what a combined force could achieve in the Detroit market. We bring well-recognized hydraulic and system engineering and fabrication expertise to the table to help further penetrate Ritter’s customer base with value-added and cost-efficient solutions.” Said Mark Steiner, President of this newly acquired division.

Terms of the acquisition are not disclosed as both companies are privately held.

About Ritter Technology
Ritter is a multi-state, industrial distributor of Parker Hannifin motion and control systems, Graco industrial lubrication equipment, and Enerpac high-pressure power tools, along with an extensive line of other top-tier fluid power and industrial lubrication products. Ritter focuses on fluid power and lubrication customers located in the Great Lakes Basin (WI, IL, IN, MI, OH, PA, WV and NY).

About Fluid Systems Engineering
Fluids Systems Engineering is a hydraulic and pneumatic fabrication and distribution company with extraordinarily deep engineering expertise serving principally the MI marketplace. Fluid Systems Engineering also maintains a Parker Store in Clinton Township to serve the Northwest side of Detroit.
# # #
If you would like more information about this topic, please contact Tom Patton at (724) 452-2122 or tpatton@ritter1.com