M&A Deal Summary

Parker Hannifin Acquires PORTER Instrument

On October 17, 2005, Parker Hannifin acquired machinery company PORTER Instrument

Acquisition Highlights
  • This is Parker Hannifin’s 5th transaction in the Machinery sector.
  • This is Parker Hannifin’s 21st transaction in the United States.
  • This is Parker Hannifin’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2005-10-17
Target PORTER Instrument
Sector Machinery
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

PORTER Instrument

Hatfield, Pennsylvania, United States
PORTER Instrument Co., Inc., a provider in analytical, industrial, medical and dental instrumentation. Porter Instrument Company has specialized in the development and manufacture of precision instruments that measure and control gases and liquids.

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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 31 of 73
Sector (Machinery) 5 of 11
Type (Add-on Acquisition) 21 of 51
State (Pennsylvania) 1 of 3
Country (United States) 21 of 41
Year (2005) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-14 Sterling Hydraulics

United Kingdom

Sterling Hydraulics, a provider in the design of custom hydraulic screw-in cartridge valves and manifold systems.Sterling Hydraulics operates facilities in England and Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-31 Kuroda Pneumatics

Asahi-shi, Japan

Kuroda Pneumatics Ltd., manufactures high performance actuators, cylinders, valves, controls and other related products for a wide variety of industrial automation applications.

Buy -
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