Add-on Acquisition • Distribution

Parker Hannifin Acquires SSD Korea Co.

On July 14, 2011, Parker Hannifin acquired distribution company SSD Korea Co.

Acquisition Context
  • This is Parker Hannifin’s 1st transaction in the Distribution sector.
  • This is Parker Hannifin’s 1st transaction in South Korea.

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M&A Deal Summary

Date July 14, 2011
Target SSD Korea Co.
Sector Distribution
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target Company

SSD Korea Co.

Seoul, South Korea
SSD Korea Co., Ltd., of Seoul, Korea. SSD Korea is focused on sales, distribution, system integration and application support for electromechanical drives and motors that are used in a broad range of industrial and entertainment market applications.
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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 59 of 75
Sector: Distribution 1 of 1
Type: Add-on Acquisition 40 of 52
Country: South Korea 1 of 1
Year: 2011 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 HDA Acessorios e Equipamentos

Sao Paulo, Brazil

HDA Acessorios e Equipamentos Ltda. is a manufacturer of hydraulic filters and accessories typically used in the mobile equipment, industrial and agriculture markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-03 Snap-Tite

Erie, Pennsylvania, United States

Snap-Tite, Inc., is a manufacturer of innovative high-pressure fluid power components for oil and gas, industrial and research markets.

Buy -