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Benzinga
Benzinga
Business
Akanksha Bakshi

Parker Hannifin Strikes $9.25 Billion Deal To Build Filtration Powerhouse

parker Parker Hannifin PH
Business,Handshake,For,Teamwork,Of,Business,Merger,And,Acquisition,successful,Negotiate,hand

Parker Hannifin Corporation (NYSE:PH), a global leader in motion and control technologies, announced a definitive agreement to acquire Filtration Group Corporation for $9.25 billion in cash.

The move expands Parker's reach in life sciences, HVAC/R, in-plant, and industrial markets, creating one of the largest industrial filtration businesses worldwide.

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