M&A Deal Summary

Parker Hannifin Acquires Sea Recovery

On October 17, 2012, Parker Hannifin acquired manufacturer Sea Recovery from Danfoss

Acquisition Highlights
  • This is Parker Hannifin’s 35th transaction in the Manufacturing sector.
  • This is Parker Hannifin’s 36th transaction in the United States.
  • This is Parker Hannifin’s 5th transaction in California.

M&A Deal Summary
Date 2012-10-17
Target Sea Recovery
Sector Manufacturing
Buyer(s) Parker Hannifin
Sellers(s) Danfoss
Deal Type Divestiture

Target

Sea Recovery

Compton, California, United States
Sea Recovery Corp., is a manufacturer of small to high capacity reverse osmosis systems for sea water desalination used primarily in commercial and pleasure marine applications.

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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 64 of 73
Sector (Manufacturing) 35 of 38
Type (Divestiture) 19 of 21
State (California) 5 of 5
Country (United States) 36 of 41
Year (2012) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-27 SciLog

Madison, Wisconsin, United States

SciLog, Inc. is a Single-Use bioprocessing platform for the automation, optimization, and documentation of TFF Applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Velcon Filters

Colorado Springs, Virginia, United States

Velcon Filters LLC is a niche manufacturer of filtration systems, including vessels and replacement cartridges, that meet specific requirements for fluid filtration processes in a variety of domestic and international end-markets.

Buy -

Seller(S) 1

SELLER

Danfoss

Nordborg, Denmark
Category Company
Founded 1933
Sector Machinery
Employees28,000
DESCRIPTION

Danfoss is a supplier of technologies and components that meet the growing need for food supply, energy efficiency, climate-friendly solutions and modern infrastructure. The Company’s wide range of products and services are used in areas such as cooling food, air conditioning, heating buildings, controlling electric motors and powering mobile machinery.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-24 Damcos Holding A/S

Naestved, Denmark

Damcos is a supplier of hydraulic equipment for the local marine shipbuilding industry. Since the early 1990s, the company has developed into a global supplier of marine actuators and integrated marine tank management solutions. Since 2004, Damcos has had a strategic partnership with Emerson to sell Saab Rosemount TankRadar systems to the tanker market. Damcos has production facilities in Naestved; Ry, Denmark; Busan, South Korea; and Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Visedo Oy

Lappeenranta, Finland

Visedo Oy develops, manufactures and delivers electrical drive trains for heavy mobile work machine, marine vessel and bus applications. The drive trains are suitable for both hybrid electric (HEV) and electric vehicle (EV) solutions to harsh operating environment.

Buy -
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