Meggitt plc
2022
Outcome
Transformed Parker Aerospace into an industry giant, adding sole-source positions in braking systems, thermal control, and fire suppression.
Parker-Hannifin
Acquisitions
Parker-Hannifin Acquisitions
3
Major Deals Covered
What are Parker-Hannifin's biggest acquisitions?
This page covers 3 major deals from 2019 to 2022, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- First deal
- 2019
- Most recent
- 2022
| Company | Year | Price | Purpose |
|---|---|---|---|
| Meggitt plc | 2022 | Undisclosed | Acquired premier UK aerospace and defense components leader to double aerospace scale and capture high-margin commercial aftermarket annuities. |
| LORD Corporation | 2019 | Undisclosed | Acquired developer of advanced adhesives, specialty coatings, and vibration and motion management systems. |
| Exotic Metals Forming Company | 2019 | Undisclosed | Acquired manufacturer of complex sheet metal assemblies and high-temperature engine ducting for commercial and military aircraft. |
- What companies has Parker-Hannifin bought?
- Major acquisitions by Parker-Hannifin documented here include Meggitt plc (2022), LORD Corporation (2019) and Exotic Metals Forming Company (2019).
- What is Parker-Hannifin's most recent acquisition?
- The most recent Parker-Hannifin acquisition documented here is Meggitt plc, in 2022.
LORD Corporation
2019
Outcome
Positioned Parker at the forefront of electric vehicle battery thermal management and lightweight structural bonding adhesives.
Exotic Metals Forming Company
2019
Outcome
Deepened aerospace engine content, adding proprietary high-temperature titanium and nickel alloy ducting systems.
Parker-Hannifin's Growth & Acquisition Strategy
Parker's forward growth strategy centers on three secular expansion pillars: commercial aerospace fleet ramp-ups, clean energy and electrification, and digital customer connectivity. In Aerospace, soaring production rates for the Airbus A320neo, Boeing 737 MAX, and commercial widebody jets drive substantial OEM shipments alongside lucrative airline maintenance repairs. In clean tech, Parker is supplying specialized hydrogen and carbon-capture valves, thermal management systems for electric vehicle batteries, and high-purity micro-filtration systems for semiconductor fabrication cleanrooms. In digital operations, Parker is equipping industrial hydraulic valves with IoT sensors to enable predictive maintenance alerts before machinery failures occur.
How Parker-Hannifin Makes Money
Parker-Hannifin operates an engineered component manufacturing model powered by a extensive global distribution network and a high-margin aftermarket service engine. In Diversified Industrial, Parker sells through a network of thousands of independent industrial distributors and over 2,000 branded ParkerStore service centers, providing MRO (maintenance, repair, and overhaul) replacement hoses, fittings, and seals directly to factory maintenance managers within hours of component failure. In Aerospace Systems, Parker holds sole-source OEM positions designing flight-control hydraulics, fuel pumps, and wheels/brakes directly onto Boeing, Airbus, and military aircraft airframes; once an aircraft is certified by the FAA, Parker captures an annuity of high-margin aftermarket replacement parts over the aircraft's 30- to 40-year operating lifespan.
Parker-Hannifin Acquisitions FAQ
Does Parker-Hannifin acquire other companies?
Yes, Parker-Hannifin executes targeted acquisitions to integrate complementary technologies, expand intellectual property, and enter new market verticals.
What is Parker-Hannifin's acquisition strategy?
Parker-Hannifin focuses on bolt-on acquisitions that can be rapidly integrated into its core technology architecture and commercial distribution channels.
How does Parker-Hannifin fund its acquisitions?
Acquisitions are typically funded through cash from operations, revolving credit facilities, and strategic equity considerations.
What was one of Parker-Hannifin's notable acquisitions?
Parker-Hannifin has acquired specialized technology assets that enhance its core platform capabilities and expand its addressable customer base.
How does Parker-Hannifin handle post-merger integration?
By migrating acquired codebases into its unified cloud infrastructure and retaining key engineering talent within specialized innovation pods.
Are acquisitions a primary or secondary growth driver?
Inorganic growth is secondary to robust organic product development, serving as a tactical accelerator for specific strategic capabilities.
Explore Parker-Hannifin
Core profile pages, founders and related research hubs for this company.