Parker Hannifin Corp., Cleveland, OH, manufacturer in motion and control technology, has acquired three companies whose total sales in the most recent fiscal year approached $500 million.
The three businesses that Parker acquired are: Legris, SA; Origa Group; and Hargraves Technology Corp. According to Parker, the acquisitions reflect the company’s goal of diversifying operations internationally, extending and complementing existing technologies, and taking advantage of opportunities in less cyclical end markets, such as life sciences.
Legris SA, Rennes, France, is a manufacturer of fluid circuit components and systems for pneumatic, hydraulic, and chemical processing applications. These products are typically used in automotive process, transportation, …
Parker Hannifin Makes Three Acquisitions
Parker Hannifin Corp., Cleveland, OH, manufacturer in motion and control technology, has acquired three companies whose total sales in the most recent fiscal year approached $500 million.
The three businesses that Parker acquired are: Legris, SA; Origa Group; and Hargraves Technology Corp. According to Parker, the acquisitions reflect the company’s goal of diversifying operations internationally, extending and complementing existing technologies, and taking advantage of opportunities in less cyclical end markets, such as life sciences.
Legris SA, Rennes, France, is a manufacturer of fluid circuit components and systems for pneumatic, hydraulic, and chemical processing applications. These products are typically used in automotive process, transportation, …
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- Filed In: Companies, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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