M&A Deal Summary

Parker Hannifin Acquires Meggitt

On August 2, 2022, Parker Hannifin acquired engineering company Meggitt for 6.3B GBP

Acquisition Highlights
  • This is Parker Hannifin’s 3rd transaction in the Engineering sector.
  • This is Parker Hannifin’s 0th largest (disclosed) transaction.
  • This is Parker Hannifin’s 8th transaction in the United Kingdom.

M&A Deal Summary
Date 2022-08-02
Target Meggitt
Sector Engineering
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition
Deal Value 6.3B GBP

Target

Meggitt

Coventry, United Kingdom
website
Meggitt provides engineering group specialising in extreme environment components and smart sub-systems for aerospace, defence and energy markets. Meggitt was founded in 1947 and is based in Coventry, the United Kingdom.

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Buyer(S) 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States

website

Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 13.7B USD (2020)
DESCRIPTION
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 73 of 73
Sector (Engineering) 3 of 3
Type (Add-on Acquisition) 51 of 51
Country (United Kingdom) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Parker-Hannifin Aircraft Wheel & Brake Division

Avon, Ohio, United States

Parker-Hannifin Aircraft Wheel & Brake Division is a provider of mission-critical wheel and brake technology products and solutions for more than eighty years. With a strong product portfolio supporting more than 100 platforms, Aircraft Wheel & Brake specializes in wheels, brakes and related hydraulic components for fixed-wing aircraft and rotorcraft. They have long-standing global relationships with leading military and general aviation customers providing customized proprietary designs, protected by intellectual property. Aircraft Wheel & Brake operates out of one centralized facility in Avon, Ohio, providing a full suite of capabilities including design, development and qualification, as well as manufacturing and assembly, product support and repairs.

Sell $440M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Filter Resources

Pasadena, Texas, United States

Filter Resources distributes process filtration products for the downstream O&G, petrochemical, and specialty chemical markets, offering a complete range of liquid and air process filtration solutions. Filter Resources is based in Pasadena, Texas.

Sell -
Mergr

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