Parker completes $1bn acquisition of Curtis Instruments

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

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

The technologies, Parker said, complement the US group’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 $320 million, Parker announced 18 Sept.

“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 CEO.

According to Parmentier, an integration team, involving team members from both organisations, has been formed to facilitate the transition.