M&A Deal Summary

Parker Hannifin Acquires Fluid Power Systems

On August 27, 1998, Parker Hannifin acquired manufacturer Fluid Power Systems from Fluid Power Industries

Acquisition Highlights
  • This is Parker Hannifin’s 1st transaction in the Manufacturing sector.
  • This is Parker Hannifin’s 1st transaction in the United States.
  • This is Parker Hannifin’s 1st transaction in Illinois.

M&A Deal Summary

Date 1998-08-27
Target Fluid Power Systems
Sector Manufacturing
Buyer(s) Parker Hannifin
Sellers(s) Fluid Power Industries
Deal Type Divestiture

Target

Fluid Power Systems

Lincolnshire, Illinois, United States
Fluid Power Systems, is a manufacturer of hydraulic valves and electro-hydraulic systems and controls for the construction, aerial reach and agricultural markets. FPS focuses on providing systems solutions to original equipment manufacturers of mobile equipment worldwide. Fluid Power Systems operates in three locations: Lincolnshire, Illinois, Butler, Wisconsin and Dewsbury, England.

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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 1 of 73
Sector (Manufacturing) 1 of 38
Type (Divestiture) 1 of 21
State (Illinois) 1 of 2
Country (United States) 1 of 41
Year (1998) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-30 DSM Nylaflow

Amelo, Netherlands

Nylaflow main products include a variety of thermoplastic hose and tubing for industrial, construction and truck customers, primarily in Europe.

Buy -

Seller(S) 1

SELLER

Fluid Power Industries

Lincolnshire, Illinois, United States

Category Company
Sector Machinery
Employees200
DESCRIPTION

Fluid Power Industries, Inc., is a Mobile Motion Control/Hydraulics.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1