Divestiture • Electronics

Parker Hannifin Acquires Acal s AC & R

On July 10, 2006, Parker Hannifin acquired electronics company Acal s AC & R from discoverIE Group

Acquisition Context
  • This is Parker Hannifin’s 1st transaction in the Electronics sector.
  • This is Parker Hannifin’s 4th transaction in the United Kingdom.

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M&A Deal Summary

Date July 10, 2006
Target Acal s AC & R
Sector Electronics
Buyer(s) Parker Hannifin
Sellers(s) discoverIE Group
Deal Type Divestiture

Target Company

Acal s AC & R

United Kingdom
Acal's AC & R, an air conditioning and refrigeration business.
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Buyer Overview 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States

Category Company
Founded 1917
Sector Machinery
Employees61,120
Revenue 19.9B USD (2024)
DESCRIPTION
Parker Hannifin's corporate headquarters in Cleveland, Ohio.
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 Context for Buyer #
Overall 35 of 75
Sector: Electronics 1 of 2
Type: Divestiture 13 of 22
Country: United Kingdom 4 of 8
Year: 2006 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-06 JM Clipper

Nacogdoches, Texas, United States

JM Clipper is a designer and manufacturer of industrial static and dynamic sealing solutions for the chemical, petrochemical, refining and other industrial markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 Cabett Subsea

Houston, Texas, United States

Cabett Subsea, a designer and manufacturer of fluid handling systems and services used in deepwater oil and gas exploration and production.

Buy -

Seller Profile 1

SELLER

discoverIE Group

Guildford, United Kingdom

Category Company
Founded 1986
Sector Electronics
Employees4,497
Revenue 423M GBP (2024)
DESCRIPTION

discoverIE Group is an electronics, designing, manufacturing, and distributing electronic, photonic, and medical products for the industrial and healthcare sectors. discoverIE Group was founded in 1986 and is based in Guildford, England.


Deal Context for Seller #
Overall 3 of 6
Sector: Electronics 1 of 1
Type: Divestiture 3 of 6
Country: United Kingdom 2 of 5
Year: 2006 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-25 Acal - Air Conditioning & Refrigeration Business

United Kingdom

Acal plc - Air Conditioning & Refrigeration Business manufactures, trades in, and supplies air conditioning and refrigeration equipment in India and internationally.

Sell £8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-27 Acal - IT Solutions Business

United Kingdom

Acal plc - IT Solutions Business comprises two product groups, Headway and ASNS. Headway is a specialist European distributor of document imaging and management products. Headway works with system integrators, value-added resellers and other IP providers to offer document imaging and management solutions for end-user customers of such partners. ASNS is a specialist value added distributor of storage networking and network security products.

Sell £41M