M&A Deal Summary

Parker Hannifin Acquires Village Marine Tec and Offshore Marine Laboratories

On November 3, 2008, Parker Hannifin acquired machinery company Village Marine Tec and Offshore Marine Laboratories

Acquisition Highlights
  • This is Parker Hannifin’s 9th transaction in the Machinery sector.
  • This is Parker Hannifin’s 29th transaction in the United States.
  • This is Parker Hannifin’s 4th transaction in California.

M&A Deal Summary
Date 2008-11-03
Target Village Marine Tec and Offshore Marine Laboratories
Sector Machinery
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

Village Marine Tec and Offshore Marine Laboratories

Gardena, California, United States
Aqua Pro, Inc. a manufacturer of reverse osmosis ("RO") filtration systems for military, commercial, pleasure marine applications, land applications as well as offshore oil rigs, work boats, fishing vessels, and pleasure boats.

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Buyer(S) 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States
Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 19.9B USD (2024)
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 50 of 73
Sector (Machinery) 9 of 11
Type (Add-on Acquisition) 33 of 51
State (California) 4 of 5
Country (United States) 29 of 41
Year (2008) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-31 EmiTherm Sdn. Bhd.

Klang, Malaysia

EmiTherm Sdn. Bhd., a provider of electromagnetic interference (EMI) shielding and thermal management products. EmiTherm manufactures EMI shielding materials such as dispensed form-in-place, molded and extruded conductive gaskets, and is a converter of thermal materials, serving electronics manufacturers throughout Malaysia and the ASEAN region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-04 Matrx Medical

Versailles, Ohio, United States

Matrx Medical, Inc., provides medical equipment services in digital flowmeters, manifold systems, standard analog flowmeters and breathing circuits.

Buy -
Mergr

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