Divestiture • Electrical Equipment

Parker Hannifin Acquires SilverCloud

On January 1, 2008, Parker Hannifin acquired electrical equipment company SilverCloud from Xymox

Acquisition Context
  • This is Parker Hannifin’s 4th transaction in the Electrical Equipment sector.
  • This is Parker Hannifin’s 3rd transaction in New Jersey.

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M&A Deal Summary

Date January 1, 2008
Target SilverCloud
Sector Electrical Equipment
Buyer(s) Parker Hannifin
Sellers(s) Xymox
Deal Type Divestiture
Advisor(s) Lincoln International (Financial)

Target Company

SilverCloud

Millville, New Jersey,
Silver Cloud Manufacturing is a premier membrane switch manufacturer. Some of our products include quality membrane switches, membrane switch assemblies and graphic overlays. We combine knowledge, experience and manufacturing excellence. A subsidiary of Xymox Technologies. SilverCloud, Inc is an Add-on-acquisition company of Xymox Technologies, Inc.
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Buyer Overview 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States

Category Company
Founded 1917
Sector Machinery
Employees61,120
Revenue 19.9B USD (2024)
DESCRIPTION
Parker Hannifin's corporate headquarters in Cleveland, Ohio.
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 Context for Buyer #
Overall 40 of 75
Sector: Electrical Equipment 4 of 5
Type: Divestiture 15 of 22
State: New Jersey 3 of 3
Country: 1 of 1
Year: 2008 1 of 14
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 Vansco Electronics

Winnipeg, Manitoba, Canada

Vansco Electronics, LP is a provider of custom electronic controls, displays, sensors and other related components are used in the agriculture, construction, bus, motor coach and recreational vehicle markets. The Company operates from Winnipeg, Manitoba and Valley City, North Dakota, serving an international customer base with both customized and standard proprietary products.

Buy -

Seller Profile 1

SELLER

Xymox

Milwaukee, Wisconsin, United States

Category Company
Founded 1979
Sector Electronics
DESCRIPTION

Xymox is a provider of custom membrane switches and related electronic assemblies for OEM's in the telecommunications, medical, and appliance industries. Xymox was founded in 1979 and is based in Milwaukee, Wisconsin.


Deal Context for Seller #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
State: New Jersey 1 of 1
Country: 1 of 1
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 SilverCloud

Millville, New Jersey,

Silver Cloud Manufacturing is a premier membrane switch manufacturer. Some of our products include quality membrane switches, membrane switch assemblies and graphic overlays. We combine knowledge, experience and manufacturing excellence. A subsidiary of Xymox Technologies. SilverCloud, Inc is an Add-on-acquisition company of Xymox Technologies, Inc.

Buy -