Parker-Hannifin acquisition history

Filtration Group Corporation, a private company headquartered in Oakbrook Terrace, Illinois (affiliated with Madison Industries), provides complementary and proprietary filtration technologies for critical applications. Expected calendar-year 2025 sales of approximately $2 billion with approximately 7,500 employees, serving Life Sciences, HVAC/R, and in-plant and industrial verticals, with roughly 85% aftermarket sales. The pre-closing transfer of Filtration Group's Facet Filtration business to its stockholders is a closing condition. $9.25 billion in cash (cash-free, debt-free basis, subject to net working capital adjustment).

This strategic transaction continues our investment in high quality businesses that continue to transform our portfolio, accelerate sales growth and improve profitability.Jenny Parmentier — Chairman of the Board and CEO, Parker Hannifin (November 11, 2025 press release)

Together, our mission-critical offering of advanced filtration technologies will create a broader portfolio of solutions for customers in key growth markets around the world.Jon Pratt — President and CEO, Filtration Group

Parker agreed to acquire the Commercial and Defense Aerospace business of CIRCOR International, which designs, manufactures and supports highly engineered, proprietary flight-critical motion and flow control products for commercial aircraft and defense applications. The business operates production sites in the United States and EMEA and is expected to generate roughly $270 million of calendar-year 2026 sales at adjusted EBITDA margins above 40% before synergies. Parker sees double-digit growth ahead driven by positions on premier aerospace and defense programs.

Velcon Filters, LLC is a Colorado Springs-based leader in filtration equipment and replacement cartridges for aviation fuel, industrial fuel, and industrial process markets, selling under the Velcon and Warner Lewis brands. Its systems filter, purify, and strip water and contaminants from aviation fuel across the supply chain from refinery to aircraft. Parker bought the company from private-equity owner The Sterling Group; Velcon carried roughly $115 million in trailing sales and about 300 employees, and joined Parker's Filtration Group.

PpTek Ltd, based in Yapton, West Sussex, UK, is a specialist in regenerative removal of siloxanes and volatile organic compounds from biogas produced at wastewater and biomass sites. Parker acquired the business and integrated it into its Hiross Zander Division, letting it offer a fuller portfolio for biogas conditioning and purification. Terms were not disclosed.

President Engineering Group Ltd (PEGL) of Sheffield, UK designs and manufactures precision cryogenic valves for LNG and industrial-gas use plus specialized mining-safety equipment, marketed under the Bestobell, Conflow, and Bretby Gammatech brands. The products support the transfer, transport, and storage of LNG and help monitor and suppress dust and ash in mining. PEGL had about GBP 19 million (roughly $29 million) in latest-year revenue and around 120 employees, and joined Parker's Instrumentation Group.

Curtis Instruments designs and manufactures motor speed controllers, instrumentation, power conversion and input devices, complementing Parker's strength in electric vehicle motors, hydraulic and electrification technologies. Parker acquired Curtis from Rehlko (a Platinum Equity portfolio company); Curtis expected calendar-year 2025 sales of approximately $320 million and serves in-plant material handling and off-highway markets with electric and hybrid solutions. approximately $1.0 billion in cash.

On June 30, 2025, the Company announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko, for approximately $1.0 billion in cash. Curtis designs and manufactures motor speed controllers, instrumentation, power conversion and input devices that complement Parker's strength in electric vehicle motors, hydraulic and electrification technologies.Parker-Hannifin FY2025 10-K — Acquisitions disclosure

This transaction is aligned with the long-term electrification secular trend and meets our disciplined financial criteria for acquisitions designed to create shareholder value.Jenny Parmentier — Chairman and CEO, Parker Hannifin (June 30, 2025 press release)

Meggitt plc is a UK-based international company supplying components and sub-systems for the aerospace, defense and selected energy markets. Parker offered 800 pence in cash per Meggitt share under a Rule 2.7 announcement pursuant to the UK City Code on Takeovers and Mergers, implemented via a court-sanctioned scheme of arrangement. 800 pence per share in cash; aggregate purchase price approximately GBP 6.3 billion (~$11.13 per share at announcement).

Pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers, Parker announced the terms of its offer to acquire Meggitt, intended to be implemented by means of a court-sanctioned scheme of arrangement, under which Meggitt shareholders will be entitled to receive 800 pence in cash for each share of Meggitt.Parker-Hannifin Corporation — Form 8-K (Rule 2.7 Announcement), August 2, 2021

LORD Corporation, headquartered in Cary, North Carolina, is a privately held company founded in 1924 offering a broad array of advanced adhesives, coatings and specialty materials as well as vibration and motion control technologies for mission-critical aerospace, automotive and industrial applications. LORD had annual sales of approximately $1.1 billion and 3,100 team members across 17 manufacturing and 15 R&D facilities globally. approximately $3.675 billion in cash.

This strategic transaction will reinforce our stated objective to invest in attractive margin, growth businesses, such as engineered materials, that accelerate us towards top-quartile financial performance. LORD will significantly expand our materials science capabilities with complementary products, better positioning us to serve customers in growth industries and capitalize on emerging trends such as electrification and lightweighting.Tom Williams — Chairman and CEO, Parker Hannifin

With complementary business segments, coming together with Parker enables LORD to carry out our grander vision. Parker is already a large tier one supplier in many areas, allowing our business lines immediate access to growth, additional markets, applications and new customers.Ed Auslander — President and CEO, LORD Corporation

Exotic Metals Forming Company, headquartered in Kent, Washington, is a privately held company founded in 1966 that designs and manufactures technically demanding, high-temperature, high-pressure air and exhaust management solutions for aircraft and engines. Exotic had expected annual sales of approximately $450 million and 1,600 team members across three U.S. locations. $1.725 billion in cash (net of ~$170M expected tax benefits, ~$1.56 billion).

This strategic acquisition further reinforces our commitment to investing in high growth, attractive margin businesses and accelerates our goal of achieving top-quartile financial performance among our diversified industrial peers. Exotic will significantly bolster our already strong aerospace offering with complementary products for performance-critical applications.Tom Williams — Chairman and CEO, Parker Hannifin

The Parker heritage and culture embodies the values Exotic has held dear throughout our 53-year-old history as a family business. The combination of our two companies will be highly complementary and enables Exotic to flourish and grow by better serving our customers and our people.Bill Binder — President and CEO, Exotic Metals Forming Company

CLARCOR, headquartered in Franklin, TN, is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products with annual sales of approximately $1.4 billion and 6,000 employees worldwide. Approximately 80 percent of CLARCOR's revenue was generated through aftermarket sales. approximately $4.3 billion in cash, including assumption of net debt ($83.00 per share).

This strategic transaction is consistent with our stated objective to invest in businesses that accelerate Parker towards our goal of top quartile financial performance. The combination of Parker and CLARCOR is highly complementary and offers a great opportunity to combine our strength in international markets and OEMs with CLARCOR's strong U.S. presence and high percentage of recurring sales in the aftermarket.Tom Williams — Chairman and CEO, Parker Hannifin

Joining Parker provides a terrific opportunity to accelerate our mission of making our world cleaner and safer while delivering an immediate and substantial cash premium to our shareholders and bolstering the confidence of our customers.Chris Conway — Chairman, President and CEO, CLARCOR

Helac Corporation of Enumclaw, Washington pioneered helical rotary actuators prized for high torque output, compact size, strong load-bearing capability, and rugged reliability, and also builds a line of attachments for material-handling and construction equipment. In its fiscal year ended June 30, 2016 Helac had roughly $75 million in revenue and about 300 employees. Parker placed the business in its Cylinder Division within the Hydraulics Group, with sales reported in the Diversified Industrial segment.

Helac is a pioneer in the development of helical rotary actuators and represents a strategic addition to our world-leading hydraulics product portfolio offering customers solutions in a wide variety of markets.Andy Weeks — President of Parker's Hydraulics Group

Parker acquired Jaeger (Jager) Automobil-Technik GmbH along with the related Jager Automotive Polska Sp. z o.o. from Germany's Arnold Jager Holding. The businesses develop and produce molded rubber and plastic components and are known for two-component injection-molding technology, with automotive uses spanning door interiors, roof and body/exterior systems, and underhood parts. Roughly 250 people worked across German sites in Osterode and Hildesheim and a Polish site in Gryfino; the operations joined Parker's Engineered Materials Group.

Sea Recovery is a Compton, California manufacturer of small- to high-capacity reverse-osmosis systems for seawater desalination, used chiefly on commercial and pleasure marine vessels, and had built such systems since 1981. Parker agreed to purchase the business from Denmark's Danfoss A/S; at acquisition Sea Recovery had roughly $26 million in trailing-twelve-month sales and about 70 employees. The unit was folded into Parker's Filtration Group.

SciLog, Inc. of Madison, Wisconsin, founded in 1990, supplies single-use sensor technology plus automated lab- and production-scale systems for the biopharmaceutical market. Parker acquired the company to pair SciLog's patented process-monitoring sensors and automation with its own filtration and separation and disposable bag-system expertise. SciLog became part of Parker's Process Filtration Division within the Filtration Group.

Parker acquired the filtration business of Bangalore-based John Fowler (India) Private Limited, which manufactures air, fuel and hydraulic filters for transportation and industrial applications. The acquired business had annual sales of roughly $4 million and employed 50 people. It was folded into Parker's Filtration Group with sales reported in the International Industrial segment.

Parker completed its acquisition of the Olaer Group, headquartered in Deeside, United Kingdom, with manufacturing and sales in 14 countries across North America, Asia and Europe. Olaer had annual sales of roughly €150 million (about $200 million) and 550 employees, offering expertise in hydraulic accumulator and cooling systems. Around 88% of sales were reported as Industrial International and 12% as Industrial North America.

Parker acquired PGI International, a Houston, Texas designer and manufacturer of specialized high-pressure flow-control components and systems for oil & gas, agriculture and petrochemical applications. PGI had approximately $100 million in sales and about 550 employees. It joined Parker's Instrumentation Group, strengthening Parker's oil-and-gas and general instrumentation offering.

This acquisition will strengthen Parker's position in the Oil and Gas and General Instrumentation markets.John Greco — Vice President and President, Instrumentation Group, Parker Hannifin

Parker acquired HDA Acessorios e Equipamentos Ltda. of Sao Paulo, Brazil, a manufacturer of hydraulic filters and accessories for the mobile equipment, industrial and agricultural markets. HDA had roughly $10 million in annual sales and 88 employees. It was integrated as a business unit within Parker's Latin America Group and reported in the Industrial segment, giving Parker a local hydraulic-filtration manufacturing presence and distribution channel in the region.

This acquisition will allow us to establish a presence in the local hydraulic filter market and offers us a new distribution channel that can complement Parker's existing distributor network throughout the region.Ricardo Machado — President, Parker Latin America Group

Parker's Aerospace group acquired SprayCool, formerly Isothermal Systems Research, a Liberty Lake, Washington pioneer of spray/two-phase liquid cooling for thermal management of electronics in military aircraft, ground vehicles and unmanned systems. The addition complemented Parker Aerospace's thermal-management product line and brought patented electronics-cooling technology, later marketed as Parker liquid-cooled enclosure products. Terms were not disclosed.

Parker acquired Aqua Pro, a manufacturer of reverse-osmosis filtration systems for military, commercial and pleasure marine applications, doing business as Village Marine Tec and Offshore Marine Laboratories with plants in Gardena and San Fernando, California. Its fiscal 2008 sales were about $33 million, selling to boat and ship builders, distributors, U.S. military branches and end users. Products include RO systems for submarines, offshore oil rigs, work boats and yachts.

Parker acquired Legris SA, a Rennes, France-based maker of fluid circuit components and systems (pneumatic, hydraulic and chemical-processing fittings and connectors), from the Legris Industries Group. Legris generated roughly EUR 233 million in 2007 revenue and brought about 1,800 employees across ten production plants. The business was assigned primarily to Parker's Fluid Connectors Group, deepening Parker's fluid-connector presence in Europe.

Parker acquired the Origa Group, a maker of rodless pneumatic actuators, electric actuators, filter-regulator-lubricators (FRLs), pneumatic cylinders and valves, from Hoerbiger Holding AG of Switzerland. Origa had roughly EUR 67 million (about $98 million) in annual sales and around 350 employees, with major operations in Germany, Austria and the United States. It was integrated into Parker's Automation Group.

Parker acquired Hargraves Technology Corporation, a Mooresville, North Carolina maker of miniature liquid and pneumatic diaphragm pumps and control valves used in medical devices, analytical instrumentation, gas detection and printing systems. Hargraves had about $14 million in fiscal 2007 sales. It anchored Parker's newly created Precision Fluidics Division within the Automation Group.

Parker acquired Lingk & Sturzebecher of Stuhr, Germany, known regionally as L&S, a manufacturer of lightweight carbon-fiber high-pressure cylinders and actuators built on composite technologies for aerospace, mobile and industrial markets. L&S recorded about €7.6 million (roughly $11.2 million) in sales for the fiscal year ended December 31, 2007. The company became part of Parker's global hydraulic technology business.

Parker acquired Titan Industries, a South Gate, California maker of industrial rubber, custom-made and composite hoses for fluid and material transfer, plus related products, services and accessories. Titan also had sites in Houston, Texas and Salisbury, North Carolina, employed 150 people, and achieved about $28 million in sales the prior year. It was integrated into Parker's Industrial Hose Products Division within the Fluid Connectors Group.

Parker acquired HTR Holding Corp., parent of Hi-Tech Rubber and affiliated businesses (Inland Technologies, Ventrex and Accusil), a custom molder of precision elastomeric components used chiefly in medical devices and life-science analytical instrumentation. HTR Holding had roughly $93 million in fiscal 2007 sales. Parker used the businesses to form a new Medical Systems Division within its Seal Group, reported in the Industrial North America segment.

Parker acquired Vansco Electronics, a designer and manufacturer of electronic controls, displays and terminals, communication and operator interfaces, and sensors for agriculture, construction and bus/off-highway applications. Vansco recorded roughly $180 million in sales in its fiscal year ended August 2007 and operated facilities across Canada, the U.S., Finland, Belgium and the U.K. The deal advanced Parker's strategy of integrating electronics with hydraulics in mobile equipment.

Parker Aerospace acquired Shaw Aero Devices, a Naples, Florida producer of aerospace components and equipment founded in 1956 with about 250 employees. Shaw invented patented safety-lock, flush-mounted fuel and lightning-safe caps and also makes adapters, fuel system components, lubrication and hydraulic system equipment, and water and waste components for commercial and military aircraft and engines. The business had 2007 sales of roughly $45 million.

Scan Subsea's primary businesses are the design, production and marketing of power and production umbilical cables for subsea installations, as well as mooring lines for floating oil production and exploration units. Parker acquired the company in November 2007.

Parker acquired the business of Airtek, a Lancaster, New York-based leading provider of drying and filtration equipment for compressed air, employing about 130 people with 2006 revenues of roughly $18 million. Airtek became part of Parker's global filtration business with results reported in the Industrial North America segment.

Rectus is a producer of quick disconnect couplings that Parker acquired to complement its global fluid handling business. The purchase was funded during Parker's fiscal third quarter of 2007 (calendar first quarter). Together with Airtek, SSD Drives India and Rayco Technologies, the acquisitions closing in that quarter added roughly $166 million of combined annual revenues.

cash was used since the beginning of the third quarter to acquire Airtek, a strategic fit for our filtration business; SSD Drives India, which expands our global automation technology platform; Rectus AG, complementing our global fluid handling business; and Rayco Technologies, an Asian based producer of elastomer seals for precision markets.Don Washkewicz — Chairman, CEO and President, Parker Hannifin

Rayco Technologies is an Asia-based producer of elastomer seals for precision markets. Parker acquired the business during its fiscal third quarter of 2007 (calendar first quarter) as part of a group of purchases (with Airtek, SSD Drives India and Rectus AG) that together added roughly $166 million of combined annual revenues.

cash was used since the beginning of the third quarter to acquire Airtek, a strategic fit for our filtration business; SSD Drives India, which expands our global automation technology platform; Rectus AG, complementing our global fluid handling business; and Rayco Technologies, an Asian based producer of elastomer seals for precision markets.Don Washkewicz — Chairman, CEO and President, Parker Hannifin

Kenmore International is a manufacturer and distributor of components for the global refrigeration and air-conditioning markets. Parker completed the acquisition in December 2005, adding the business to its climate and industrial controls operations.

The domnick hunter group is a UK-headquartered specialist in the design and manufacture of filtration, separation and purification products and technologies serving a broad range of markets. Parker completed the purchase in November 2005, combining domnick hunter's product lines and engineering with its own filtration business to widen its customer reach across Europe and North America. The company said the two organizations had complementary products and similar cultures.

We're especially excited over our recent acquisition of Domnick Hunter, headquartered in the UK. The combination creates a powerful array of filtration, separation, and purification solutions, extending our customer reach in Europe and North America through the complementary products, and similar cultures, of our two organizations.Don Washkewicz — Chairman and CEO, Parker Hannifin

SSD Drives is a maker of AC and DC drives together with servo drives, motors and complete systems used by original-equipment manufacturers, end users and integrators in automated industrial process applications. In the fiscal year ended March 2005 the business generated annual revenues of roughly $165 million, with about 60 percent coming from Europe, and served target markets such as plastics, packaging, extrusion, printing, pulp and paper, primary metals and general industrial automation. Parker folded the business into its Automation Group.

Denison International is an industrial manufacturer and service provider for highly engineered hydraulic fluid power systems and components, with annual revenues of approximately $180 million and roughly 1,150 employees across Europe, Asia and North America. About 61 percent of revenues were in Europe. approximately $244 million ($24.00 per share in cash; Parker also acquired Denison's $61.7M balance-sheet cash).

We are extremely pleased to welcome Denison into Parker's worldwide family of leading motion-control technologies. Denison's excellent performance and established leadership in Europe and Asia will make us stronger, and accelerate our growth momentum in these regions.Don Washkewicz — President and CEO, Parker Hannifin

We are absolutely dedicated to growing the Denison business. We'll move quickly to integrate back-office systems, but top priority will be to serve our customers while keeping the strong operating performance of the business intact.Lee Banks — President, Parker Hydraulics Group

Parker acquired the Miller Fluid Power business from CKD-Createc. Miller Fluid Power manufactures both pneumatic and hydraulic cylinders, adding actuator capacity to Parker's motion-and-control lineup.

Parker acquired the Wilkerson business from CKD-Createc. Wilkerson makes a complete line of compressed-air treatment and control products, including pneumatic filters, regulators and lubricators (FRLs).

Parker acquired Wynn's International, Inc. in a cash tender offer with an enterprise value of approximately $497 million, paying $23.00 per share in cash through its WI Holding subsidiary followed by a second-step merger. Wynn's was a leading maker of precision-engineered sealing media for the automotive, heavy-duty truck and aerospace markets, whose seal units were folded into Parker's Seal Group.

This combination presents meaningful market share growth and cross-selling opportunities for both of our companies.Duane Collins — Chairman and CEO, Parker Hannifin

Parker merged with Commercial Intertech Corp. of Youngstown, Ohio, in a cash-and-stock transaction valued at roughly $366 million in equity plus about $107 million of assumed debt, with Parker as the surviving corporation. Commercial Intertech's hydraulics unit made gear pumps and motors, control valves and telescopic cylinders for heavy-duty mobile equipment, complementing Parker's industrial strength with mobile-hydraulics reach. The company also held building-systems and metal-forming businesses that Parker later addressed separately.

Commercial Intertech is a great fit with our growth model and long-term strategy of being the premier provider of complete motion and control systems.Duane Collins — Chairman and CEO, Parker Hannifin

Parker bought the assets of Dana Corporation's Gresen Hydraulics operations in Minneapolis, Minnesota and Sarasota, Florida. Gresen made a broad line of hydraulic pumps, motors, cylinders, control valves, filters and electronic controls for on- and off-highway vehicles.

Parker acquired the equity of Fluid Power Systems, a Lincolnshire, Illinois maker of hydraulic valves and electrohydraulic systems and controls. The business added electronic motion-control capability to Parker's hydraulics group.

Parker acquired Veriflo Corporation, a Richmond, California maker of high-purity regulators and valves, by purchasing the equity of its parent, B.A.G. Acquisition Ltd. Veriflo strengthened Parker's position in high-purity fluid handling for semiconductor and analytical-instrument markets.

Parker acquired the assets of Honeywell's Skinner solenoid valve business, a maker of solenoid and fluid-control valves headquartered in New Britain, Connecticut. The purchase broadened Parker's fluid-control and instrumentation product line with a well-known solenoid-valve brand.

Parker purchased the equity of Honeywell Lucifer S.A., a solenoid-valve manufacturer based in Geneva, Switzerland, in the same transaction that brought over Honeywell's Skinner solenoid valve business. The deal extended Parker's fluid-control franchise into European markets.

EWAL Manufacturing of Belleville, New Jersey was a leading producer of precision fittings and valves. Parker acquired EWAL's assets to strengthen its precision instrumentation fittings and valve product range.

The Abex NWL Division of Pneumo Abex, headquartered in Kalamazoo, Michigan, was a major international producer of aerospace hydraulic and electromechanical actuation equipment, engine thrust-reverser actuators, hydraulic pumps and electrohydraulic servovalves, with annual sales near $200 million. Parker acquired the division's aerospace assets under an agreement with Power Control Technologies, Inc. to substantially expand its aerospace actuation and flight-control capabilities.

VOAC Hydraulics AB, based in Boras, Sweden, was a worldwide leader in mobile hydraulic equipment, with calendar-1995 sales of about $166 million and subsidiaries across Europe. Parker acquired VOAC to significantly expand its mobile hydraulics business and its European manufacturing and distribution reach.

General Valve Corp. of Fairfield, New Jersey was a leading producer of miniature solenoid valves for high-technology applications, with sales of roughly $24.8 million in its last fiscal year before the deal. Parker acquired the company to strengthen its fluid-control and instrumentation valve portfolio.

Figgie International's Power Systems Division, headquartered in Rockford, Illinois, manufactured hydraulic bladder accumulators and pneumatic cylinders. Parker purchased the division's assets to expand its hydraulic accumulator and actuation product range.

Byron Valve and Machine Company, based in Siloam Springs, Arkansas, produced distributors and flow raters used in fluid-handling and measurement applications. Parker acquired the company's stock to complement its instrumentation and flow-control product range.

The Polyflex Schwarz Group was a maker of reinforced high-pressure hoses, fittings and assemblies, with operations in Germany, France and Texas. Parker bought the group to add specialized high-pressure hose technology to its fluid-conveyance lineup.

This carve-out of Atlas Copco AB was a Swedish manufacturer of pneumatic components, with operating subsidiaries across Sweden, France, Italy, Denmark and other European markets. Parker acquired the division to deepen its pneumatic automation offering and extend its motion-control presence in Europe, where the acquired operations carried annual sales of roughly $35 million before the deal.

Finn-Filter Oy was a leading Scandinavian filter manufacturer, with production plants in Urjala and Hyrynsalmi, Finland, plus a sales subsidiary in Sweden. Parker purchased the company's assets to broaden its filtration product range and strengthen its position in the Nordic industrial market.