M&A Deal Summary

Parker Hannifin Acquires Rayco Technologies Pte.

On April 3, 2007, Parker Hannifin acquired chemicals company Rayco Technologies Pte.

Acquisition Highlights
  • This is Parker Hannifin’s 2nd transaction in the Chemicals sector.
  • This is Parker Hannifin’s 1st transaction in Singapore.

M&A Deal Summary
Date 2007-04-03
Target Rayco Technologies Pte.
Sector Chemicals
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

Rayco Technologies Pte.

Singapore, Singapore
Rayco Technologies Pte. Ltd., is a provider of safety critical parts and miniature seals, the company has two locations that serve disk drive, electronics, medical, semiconductor, consumer and automotive markets.

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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 38 of 73
Sector (Chemicals) 2 of 3
Type (Add-on Acquisition) 23 of 51
Country (Singapore) 1 of 1
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 SSD Drives India Pvt.

Mumbai, India

SSD India designs, integrates and sells low voltage AC, DC, and servo-drive systems to power and control continuous and discrete manufacturing processes. The company operates seven regional sales offices throughout India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Mitos Technologies

Phoenixville, Pennsylvania, United States

Mitos Technologies, Inc., manufactures fluid handling products and systems designed specifically to meet the high purity requirements of the biotech industry, including tubing and hose, valves, pumps and molded components.

Buy -
Mergr

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