Parker expanding ‘electrification portfolio’ with $1bn purchase of Curtis Instruments

Cleveland, Ohio – Parker Hannifin Corp. has agreed to acquire Curtis Instruments, Inc. from Rehlko for $1 billion (€850 million) in cash.

The deal, which remains subject to customary closing conditions and regulatory approvals, is expected to close by the end 2025, Parker announced 30 June.

Curtis Instruments designs and manufactures motor speed controllers, instrumentation, power conversion, and input devices.

Parker said these products complement its existing strengths in electric vehicle motors, hydraulics, and electrification technologies. Curtis expects 2025 sales of around $320 million.

“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, Parker’s chairman and CEO.

The acquisition adds complementary technologies to Parker’s existing industrial electrification platform, enabling the company to support customers adopt more electric and hybrid solutions, she added.