Parker-Hannifin acquisition history

Denison International is an industrial manufacturer and service provider for highly engineered hydraulic fluid power systems and components, with annual revenues of approximately $180 million and roughly 1,150 employees across Europe, Asia and North America. About 61 percent of revenues were in Europe. approximately $244 million ($24.00 per share in cash; Parker also acquired Denison's $61.7M balance-sheet cash).

We are extremely pleased to welcome Denison into Parker's worldwide family of leading motion-control technologies. Denison's excellent performance and established leadership in Europe and Asia will make us stronger, and accelerate our growth momentum in these regions.Don Washkewicz — President and CEO, Parker Hannifin

We are absolutely dedicated to growing the Denison business. We'll move quickly to integrate back-office systems, but top priority will be to serve our customers while keeping the strong operating performance of the business intact.Lee Banks — President, Parker Hydraulics Group

CLARCOR, headquartered in Franklin, TN, is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products with annual sales of approximately $1.4 billion and 6,000 employees worldwide. Approximately 80 percent of CLARCOR's revenue was generated through aftermarket sales. approximately $4.3 billion in cash, including assumption of net debt ($83.00 per share).

This strategic transaction is consistent with our stated objective to invest in businesses that accelerate Parker towards our goal of top quartile financial performance. The combination of Parker and CLARCOR is highly complementary and offers a great opportunity to combine our strength in international markets and OEMs with CLARCOR's strong U.S. presence and high percentage of recurring sales in the aftermarket.Tom Williams — Chairman and CEO, Parker Hannifin

Joining Parker provides a terrific opportunity to accelerate our mission of making our world cleaner and safer while delivering an immediate and substantial cash premium to our shareholders and bolstering the confidence of our customers.Chris Conway — Chairman, President and CEO, CLARCOR

LORD Corporation, headquartered in Cary, North Carolina, is a privately held company founded in 1924 offering a broad array of advanced adhesives, coatings and specialty materials as well as vibration and motion control technologies for mission-critical aerospace, automotive and industrial applications. LORD had annual sales of approximately $1.1 billion and 3,100 team members across 17 manufacturing and 15 R&D facilities globally. approximately $3.675 billion in cash.

This strategic transaction will reinforce our stated objective to invest in attractive margin, growth businesses, such as engineered materials, that accelerate us towards top-quartile financial performance. LORD will significantly expand our materials science capabilities with complementary products, better positioning us to serve customers in growth industries and capitalize on emerging trends such as electrification and lightweighting.Tom Williams — Chairman and CEO, Parker Hannifin

With complementary business segments, coming together with Parker enables LORD to carry out our grander vision. Parker is already a large tier one supplier in many areas, allowing our business lines immediate access to growth, additional markets, applications and new customers.Ed Auslander — President and CEO, LORD Corporation

Exotic Metals Forming Company, headquartered in Kent, Washington, is a privately held company founded in 1966 that designs and manufactures technically demanding, high-temperature, high-pressure air and exhaust management solutions for aircraft and engines. Exotic had expected annual sales of approximately $450 million and 1,600 team members across three U.S. locations. $1.725 billion in cash (net of ~$170M expected tax benefits, ~$1.56 billion).

This strategic acquisition further reinforces our commitment to investing in high growth, attractive margin businesses and accelerates our goal of achieving top-quartile financial performance among our diversified industrial peers. Exotic will significantly bolster our already strong aerospace offering with complementary products for performance-critical applications.Tom Williams — Chairman and CEO, Parker Hannifin

The Parker heritage and culture embodies the values Exotic has held dear throughout our 53-year-old history as a family business. The combination of our two companies will be highly complementary and enables Exotic to flourish and grow by better serving our customers and our people.Bill Binder — President and CEO, Exotic Metals Forming Company

Meggitt plc is a UK-based international company supplying components and sub-systems for the aerospace, defense and selected energy markets. Parker offered 800 pence in cash per Meggitt share under a Rule 2.7 announcement pursuant to the UK City Code on Takeovers and Mergers, implemented via a court-sanctioned scheme of arrangement. 800 pence per share in cash; aggregate purchase price approximately GBP 6.3 billion (~$11.13 per share at announcement).

Pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers, Parker announced the terms of its offer to acquire Meggitt, intended to be implemented by means of a court-sanctioned scheme of arrangement, under which Meggitt shareholders will be entitled to receive 800 pence in cash for each share of Meggitt.Parker-Hannifin Corporation — Form 8-K (Rule 2.7 Announcement), August 2, 2021

Curtis Instruments designs and manufactures motor speed controllers, instrumentation, power conversion and input devices, complementing Parker's strength in electric vehicle motors, hydraulic and electrification technologies. Parker acquired Curtis from Rehlko (a Platinum Equity portfolio company); Curtis expected calendar-year 2025 sales of approximately $320 million and serves in-plant material handling and off-highway markets with electric and hybrid solutions. approximately $1.0 billion in cash.

On June 30, 2025, the Company announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko, for approximately $1.0 billion in cash. 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.Parker-Hannifin FY2025 10-K — Acquisitions disclosure

This transaction is aligned with the long-term electrification secular trend and meets our disciplined financial criteria for acquisitions designed to create shareholder value.Jenny Parmentier — Chairman and CEO, Parker Hannifin (June 30, 2025 press release)

Filtration Group Corporation, a private company headquartered in Oakbrook Terrace, Illinois (affiliated with Madison Industries), provides complementary and proprietary filtration technologies for critical applications. Expected calendar-year 2025 sales of approximately $2 billion with approximately 7,500 employees, serving Life Sciences, HVAC/R, and in-plant and industrial verticals, with roughly 85% aftermarket sales. The pre-closing transfer of Filtration Group's Facet Filtration business to its stockholders is a closing condition. $9.25 billion in cash (cash-free, debt-free basis, subject to net working capital adjustment).

This strategic transaction continues our investment in high quality businesses that continue to transform our portfolio, accelerate sales growth and improve profitability.Jenny Parmentier — Chairman of the Board and CEO, Parker Hannifin (November 11, 2025 press release)

Together, our mission-critical offering of advanced filtration technologies will create a broader portfolio of solutions for customers in key growth markets around the world.Jon Pratt — President and CEO, Filtration Group