M&A Deal Summary

Parker Hannifin Acquires SSD Korea

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

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

M&A Deal Summary
Date 2011-07-14
Target SSD Korea
Sector Distribution
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

SSD Korea

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(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 59 of 73
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 40 of 51
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 -
Mergr

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