CLEVELAND, OHIO--(BUSINESS WIRE)--ParkOhio (NASDAQ: PKOH) announced today that it has completed the acquisition of Saet S.p.A., headquartered in Milan, Italy, for €16.7 million (approximately $20.7 million) in cash. Saet S.p.A. was owned by Star Capital SGR S.p.A., located in Milan, Italy, and other minority owners. The acquisition was previously announced on November 17, 2014. Saet revenues are expected to be approximately $50 million in 2015. Saet is a leader in the design, manufacturing and