Enerpac Tool Group Corp (Enerpac) formerly Actuant Corp, is a provider of industrial tools, services, technology, and solutions. The company designs, manufactures, and distributes hydraulic and mechanical tools, and provides services and tool rental to a diverse range of industries including refinery/petrochemical, general industrial, industrial maintenance, repair and operations (MRO), machining & manufacturing, power generation, infrastructure, and mining. It serves customers in more than 100 countries.

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Enerpac conducts research and development activities to develop new products and enhance the functionality, effectiveness, ease of use, and reliability of existing products. The company's engineering and research and development efforts are key drivers of its success in the marketplace. Advanced design and engineering capabilities contribute to the development of innovative and highly engineered products, maintain technological leadership, and enhancing its ability to provide customers with unique and customized solutions and products. In FY2025, the company spent US$14.5 million on its R&D activities, which as a percentage of revenue stood at 2.4% and grew 16.9% YoY.