Parker to Acquire Curtis Instruments, Expanding Electrification Offering
Parker Hannifin Corporation (NYSE:PH) has announced the acquisition of Curtis Instruments, Inc. from Rehlko for $1 billion in cash. The transaction is expected to close by the end of 2025, subject to regulatory approvals.
Curtis Instruments, with expected 2025 sales of $320 million, specializes in motor speed controllers, instrumentation, power conversion, and input devices. This acquisition complements Parker's existing portfolio in electric vehicle motors, hydraulic and electrification technologies.
The strategic acquisition aligns with Parker's electrification growth strategy and aims to strengthen its position in serving customers adopting electric and hybrid solutions. The company plans to leverage its Win Strategy™ business system to generate operational synergies and create shareholder value.
Parker Hannifin Corporation (NYSE:PH) ha annunciato l'acquisizione di Curtis Instruments, Inc. da Rehlko per 1 miliardo di dollari in contanti. L'operazione dovrebbe concludersi entro la fine del 2025, subordinata alle approvazioni regolamentari.
Curtis Instruments, con vendite previste per il 2025 pari a 320 milioni di dollari, è specializzata in controller della velocità dei motori, strumentazione, conversione di potenza e dispositivi di input. Questa acquisizione integra il portafoglio esistente di Parker nei motori per veicoli elettrici, nelle tecnologie idrauliche e di elettrificazione.
L'acquisizione strategica è in linea con la strategia di crescita di Parker nell'elettrificazione e mira a rafforzare la sua posizione nel servire clienti che adottano soluzioni elettriche e ibride. L'azienda intende sfruttare il proprio sistema aziendale Win Strategy™ per generare sinergie operative e creare valore per gli azionisti.
Parker Hannifin Corporation (NYSE:PH) ha anunciado la adquisición de Curtis Instruments, Inc. de Rehlko por 1.000 millones de dólares en efectivo. Se espera que la transacción se cierre antes de finales de 2025, sujeta a aprobaciones regulatorias.
Curtis Instruments, con ventas previstas de 320 millones de dólares para 2025, se especializa en controladores de velocidad de motores, instrumentación, conversión de energía y dispositivos de entrada. Esta adquisición complementa el portafolio existente de Parker en motores para vehículos eléctricos, tecnologías hidráulicas y de electrificación.
La adquisición estratégica está alineada con la estrategia de crecimiento en electrificación de Parker y busca fortalecer su posición para atender a clientes que adoptan soluciones eléctricas e híbridas. La empresa planea aprovechar su sistema empresarial Win Strategy™ para generar sinergias operativas y crear valor para los accionistas.
Parker Hannifin Corporation (NYSE:PH)는 Rehlko로부터 Curtis Instruments, Inc.를 현금 10억 달러에 인수했다고 발표했습니다. 이 거래는 규제 승인을 조건으로 2025년 말까지 완료될 예정입니다.
Curtis Instruments는 2025년 예상 매출 3억 2천만 달러 규모의 모터 속도 제어기, 계측기, 전력 변환 및 입력 장치 분야를 전문으로 합니다. 이번 인수는 Parker의 전기차 모터, 유압 및 전기화 기술 분야 기존 포트폴리오를 보완합니다.
이번 전략적 인수는 Parker의 전기화 성장 전략과 일치하며, 전기 및 하이브리드 솔루션을 도입하는 고객을 지원하는 입지를 강화하는 것을 목표로 합니다. 회사는 Win Strategy™ 비즈니스 시스템을 활용해 운영 시너지를 창출하고 주주 가치를 높일 계획입니다.
Parker Hannifin Corporation (NYSE:PH) a annoncé l'acquisition de Curtis Instruments, Inc. auprès de Rehlko pour 1 milliard de dollars en espèces. La transaction devrait être finalisée d'ici la fin 2025, sous réserve des approbations réglementaires.
Curtis Instruments, avec des ventes prévues de 320 millions de dollars en 2025, est spécialisée dans les contrôleurs de vitesse de moteurs, l'instrumentation, la conversion d'énergie et les dispositifs d'entrée. Cette acquisition complète le portefeuille existant de Parker dans les moteurs pour véhicules électriques, ainsi que dans les technologies hydrauliques et d'électrification.
Cette acquisition stratégique s'inscrit dans la stratégie de croissance de Parker axée sur l'électrification et vise à renforcer sa position auprès des clients adoptant des solutions électriques et hybrides. L'entreprise prévoit d'exploiter son système commercial Win Strategy™ pour générer des synergies opérationnelles et créer de la valeur pour les actionnaires.
Parker Hannifin Corporation (NYSE:PH) hat die Übernahme von Curtis Instruments, Inc. von Rehlko für 1 Milliarde US-Dollar in bar bekanntgegeben. Die Transaktion soll bis Ende 2025 abgeschlossen sein, vorbehaltlich behördlicher Genehmigungen.
Curtis Instruments, mit erwarteten Umsätzen von 320 Millionen US-Dollar im Jahr 2025, ist spezialisiert auf Motor-Drehzahlregler, Instrumentierung, Leistungsumwandlung und Eingabegeräte. Diese Akquisition ergänzt das bestehende Portfolio von Parker im Bereich Elektromotoren für Fahrzeuge, Hydraulik- und Elektrifizierungstechnologien.
Die strategische Übernahme steht im Einklang mit Parkers Wachstumsstrategie im Bereich Elektrifizierung und zielt darauf ab, die Position bei Kunden zu stärken, die elektrische und hybride Lösungen einsetzen. Das Unternehmen plant, sein Win Strategy™-Geschäftssystem zu nutzen, um operative Synergien zu schaffen und den Aktionärswert zu steigern.
- Strategic acquisition valued at $1 billion expands Parker's electrification capabilities
- Curtis brings $320 million in expected 2025 sales
- Acquisition complements Parker's existing electric vehicle motors and electrification technologies
- Transaction aligns with long-term electrification market trends
- Potential operational synergies through Parker's Win Strategy™ business system
- Significant cash outlay of $1 billion impacts Parker's financial resources
- Transaction completion subject to regulatory approvals
- Integration risks associated with merging operations and technologies
Insights
Parker's $1B Curtis acquisition strengthens electrification portfolio, adds $320M revenue with strong strategic fit despite premium valuation.
Parker Hannifin's
The deal metrics reveal Curtis is expected to generate
The transaction demonstrates Parker's disciplined M&A approach under CEO Jenny Parmentier, targeting technologies aligned with secular growth trends. Parker expects to leverage their Win Strategy™ business system to deliver operational synergies, though specific synergy targets weren't disclosed.
This acquisition significantly enhances Parker's competitive positioning against rivals in the industrial electrification space. The company's existing hydraulic expertise combined with expanded electronic control capabilities creates a more comprehensive offering for customers transitioning from purely mechanical or hydraulic systems to hybrid and fully electric solutions.
The transaction, expected to close by year-end 2025, remains subject to regulatory approvals. While the all-cash structure preserves financial flexibility, investors should monitor integration progress and whether the premium valuation delivers the anticipated returns through cross-selling opportunities and operational efficiencies.
- Enhances Electrification Capabilities with Complementary Technologies for In-Plant Material Handling and Off-Highway Market Applications
- Adds Suite of Control Solutions to Pair with Parker’s Electric Motor and Motion Control Portfolio for Electric and Hybrid Solutions
CLEVELAND, June 30, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko, for approximately
Curtis designs and manufactures motor speed controllers, instrumentation, power conversion and input devices that complement Parker’s strength in electric vehicle motors, hydraulic and electrification technologies. Curtis expects calendar year 2025 sales of approximately
“This transaction is aligned with the long-term electrification secular trend and meets our disciplined financial criteria for acquisitions designed to create shareholder value,” said Jenny Parmentier, Chairman and Chief Executive Officer. “Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions. We anticipate a smooth closing and look forward to welcoming the Curtis team. Using our proven business system, The Win Strategy™, we believe we can deliver strong operational synergies, creating shareholder value.”
Rehlko and its financial sponsor Platinum Equity praised the deal and the synergy between Parker and Curtis.
“Rehlko is proud of the legacy and performance of Curtis as a high-performing, innovation-driven business,” said Brian Melka, President and Chief Executive Officer of Rehlko. “Parker is an exceptional company and we are confident Curtis will thrive from Parker’s increased scale, focus, and investment.”
“We have great respect for Curtis, its leadership team and its innovative products, and we are confident that Parker Hannifin is the right home for the business going forward,” said Platinum Equity Co-President Jacob Kotzubei and Managing Director Matthew Louie in a joint statement.
Advisors
Guggenheim Securities, LLC is serving as financial advisor, Jones Day is serving as principal deal counsel, and Eversheds Sutherland is serving as European legal counsel to Parker. BofA Securities, Inc. and Goldman Sachs & Co. LLC are serving as financial advisors and Gibson Dunn & Crutcher LLP is serving as legal counsel to Rehlko.
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 69 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.
Forward-Looking Statements
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Among other factors that may affect future performance are: changes in business relationships with and orders by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms, changes in contract costs and revenue estimates for new development programs; changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the acquisition of Curtis Instruments, Inc.; ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination and ability to successfully undertake business realignment activities and the expected costs, including cost savings, thereof; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and other government actions, including related to environmental protection, and associated compliance costs; supply chain and labor disruptions, including as a result of tariffs and labor shortages; threats associated with international conflicts and cybersecurity risks and risks associated with protecting our intellectual property; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies; manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in the tax laws in the United States and foreign jurisdictions and judicial or regulatory interpretations thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should also consider forward looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and other periodic filings made with the SEC.
| Contact: | Media - | |
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| aidan.gormley@parker.com | ||
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| Jeff Miller - Vice President, Investor Relations | 216-896-2708 | |
| jeffrey.miller@parker.com |
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