Cutler said he expects top line growth of 25% and 17% of that will come from takeovers. He said many investors aren't aware of his firm's transformation into an international conglomerate. Cramer pointed out that Eaton is a technological innovator. He said Eaton is building eco-friendly engines for city buses and idling trucks. "If you're waiting for technology to make a comeback, take a look at Eaton," Cramer said.

Cramer cited Parker Hannifin (PH) as one of America's new manufacturing companies. He said the company is on the cutting edge of industrial technology in such areas as electrical engineering products and motion and control systems for commercial trucks and aerospace.

Harsco currently trades at just 15 times its expected 2009 earnings, yet maintains a 15% long-term growth rate. Cramer said this makes the company still way too cheap in his book. "This is a real technology company, one that is consistently innovating," he said.

What kind of innovative products do these two firms make? Bucyrus created a remote-controlled dragline (those huge dirt-moving machines), remote-controlled continuous miners and flame-resistant conveyor rolls.

Joy Global has JOY Memory CUT, which provides a safer work environment for coal shearers. The company also make a spray that cuts down on coal dusting, extending the life of cutting systems.

Dover also has some exciting technologies like a trash compactor fueled by solar power and biodegradable fluids and refrigeration units for grocery stores that are energy efficient. The company also produces fuel efficient pumping systems and coding systems that benefit logistics. Cramer said the company is growing overseas with 25% of growth coming from Asia and 45% of total revenues from abroad. Dover trades at 12.6 times earnings and has a 15% growth rate. Cramer thinks this new world technology company should trade at a higher valuation.