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New Hydratight Business Leader

27 August 2010

Hydratight, an engineering leader in providing asset integrity for the oil and gas, power generation and aerospace industries, announced on Thursday that Jan de Koning, a veteran to Actuant Corporation and most recently a member of the Electrical Segment Leadership Team, has been named its Business Leader with effect from 1st September 2010. Prior to his role at Actuant, within the Electrical Segment Leadership, de Koning has held leadership positions with Power Packer, Enerpac and Kopp. In addition to leading these organizations’ growth, de Koning has extensive executive experience with operations, continuous improvement, sales and marketing for successful industrial organisations.

Jan de Koning is replacing Phil Maxted who made the decision to step down from the position for personal reasons. Maxted will remain with Hydratight as part of its Leadership Team, focusing on special projects. Maxted has over 25 years with Hydratight, the last three as Business Leader.

Brian Kobylinski, Executive Vice President – Industrial & Energy Segments for Actuant, said “I am excited to announce Jan has accepted the position. His 30 years of international business experience, knowledge of Actuant and past leadership roles will all be assets in moving Hydratight and the greater Industrial & Energy Segments forward. I want to thank Phil for his leadership and look forward to his continued contribution to the organization.”

Jan de Koning said: “Hydratight is a strong global brand with great technology and enormously talented employees. The company has accomplished some amazing things in the past 5 years since becoming part of Actuant. I look forward to working with the team to take it to the next level.” He went on to comment, “Hydratight has a 100 year history of innovation, safety and value creation. I believe there is great opportunity to expand this tradition for our customers, employees and partners.”

About Hydratight

Hydratight is a world leading engineering company which provides a range of specialist products and services for the Oil & Gas and Power Generation Industries. Hydratight is a company within the Energy Segment of Wisconsin, USA based Actuant Corporation (NYSE: ATU) - a $1.2B diversified industrial organization in 30 countries.

Hydratight has 24 strategic locations around the world and over 1000 employees. Activities range from design and manufacture of hardware for sale and rental, training, on-site services, software development and asset integrity management. This includes: torque and tension bolting equipment, pipe cutting, bevelling, milling, boring, grinding and end-preparation machines, joint integrity management, on site specialised machining, heat treating, leak sealing and other customised services.