Parker-Hannifin Corp acquired Lingk & Sturzebecher (L&S), a transaction completed in September 2008, structured as Acquisition; terms not disclosed.
Lingk & Sturzebecher (L&S) operates in Hydraulics (Industrial International), is based in Stuhr, Germany. 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.
L&S's composite-material technology lets Parker develop lighter, lower-energy hydraulic components and integrated solutions such as energy-recovery systems for mobile equipment.
Advisory firms were not disclosed for this transaction.