Parker-Hannifin Corporation, the global leader in motion and control technologies, today announced that it has completed its previously announced transaction to acquire Curtis Instruments, Inc. from Rehlko, for approximately $1 billion in cash.
Curtis designs and manufactures motor speed controllers, instrumentation, power conversion and input devices that complement Parker’s capabilities in electric and hybrid vehicle motors and controls, as well as hydraulic and pneumatic technologies for the mobile machinery market. Curtis expects calendar year 2025 sales of approximately $320 million.
“We welcome the Curtis team to Parker and look forward to building on our combined strengths to create accelerated growth opportunities,” said Jenny Parmentier, Chairman and Chief Executive Officer. “We have formed an integration team involving team members from both organizations. Using our proven business system, The Win Strategy™, we believe we can deliver a premier customer experience, strong operational synergies, and shareholder value.”
“Curtis is a high-performing, innovation-driven business and we are excited to have them join Parker’s Motion Systems Group,” said Berend Bracht, President of Parker’s Motion Systems Group. “Curtis adds complementary technologies to our existing electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions. We are confident Curtis will benefit from Parker’s increased scale, focus, and investment.”
SOURCE: Parker
