M&A Deal Summary

Parker Hannifin Acquires Serpentine

On October 1, 2008, Parker Hannifin acquired machinery company Serpentine

Acquisition Highlights
  • This is Parker Hannifin’s 8th transaction in the Machinery sector.
  • This is Parker Hannifin’s 28th transaction in the United States.
  • This is Parker Hannifin’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2008-10-01
Target Serpentine
Sector Machinery
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

Serpentine

Mooresville, North Carolina, United States
Serpentine Corp. is a manufacturer of miniature fluidic delivery and control solutions.

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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 48 of 73
Sector (Machinery) 8 of 11
Type (Add-on Acquisition) 31 of 51
State (North Carolina) 3 of 4
Country (United States) 28 of 41
Year (2008) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Legris SA

Rennes, France

Legris SA, is a manufacturer of fluid circuit components and systems for pneumatic, hydraulic, and chemical processing applications. These products are typically used in automotive process, transportation, agricultural machinery, food processing, construction and ship building industries.

Buy -
FOLLOWING 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 -
Mergr

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