M&A Deal Summary

Parker Hannifin Acquires SSD Drives India Pvt.

On January 10, 2007, Parker Hannifin acquired electrical equipment company SSD Drives India Pvt. from UniDEL India Group

Acquisition Highlights
  • This is Parker Hannifin’s 3rd transaction in the Electrical Equipment sector.
  • This is Parker Hannifin’s 2nd transaction in India.

M&A Deal Summary

Date 2007-01-10
Target SSD Drives India Pvt.
Sector Electrical Equipment
Buyer(s) Parker Hannifin
Sellers(s) UniDEL India Group
Deal Type Divestiture

Target

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.

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Buyer(S) 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 STATS #
Overall 37 of 75
Sector: Electrical Equipment M&A 3 of 5
Type: Divestiture M&A Deals 14 of 22
Country: India M&A 2 of 2
Year: 2007 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 Cabett Subsea

Houston, Texas, United States

Cabett Subsea, a designer and manufacturer of fluid handling systems and services used in deepwater oil and gas exploration and production.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-03 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.

Buy -

Seller(S) 1

SELLER

UniDEL India Group

Mumbai, India

Category Company
Sector Business Services
DESCRIPTION

UniDEL India Group, a privately held automation and technology group. The group established a presence in the engineering and technology business.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2007 M&A 1 of 1