Parker-Hannifin Corp acquisition history.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

This transaction is aligned with the long-term electrification secular trend and meets our disciplined financial criteria for acquisitions designed to create shareholder value.

This strategic transaction continues our investment in high quality businesses that continue to transform our portfolio, accelerate sales growth and improve profitability.

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.