Parker Acquires Meggitt PLC

Parker Acquires Meggitt PLC

TTP Ventus Limited was acquired by Lee Company Inc.
TTP Ventus Limited was acquired by Lee Company Inc.
New Bosch Rexroth plant in North America
New Bosch Rexroth plant in North America
Timken to Acquire GGB Bearing Technology
Timken to Acquire GGB Bearing Technology
Agreement Between Helios Technologies and Daman Products
Agreement Between Helios Technologies and Daman Products

Parker Acquires Meggitt PLC

Parker Acquires Meggitt PLC

The motion and control technology leader Parker-Hannifin Corporation recently completed the acquisition of Coventry, the UK-located Meggitt PLC for approximately £6.3 billion. The annual revenue of Meggitt as of June 30, 2022, is approximately £1.63 billion. This new acquisition aims to enhance the growth of Parker's aerospace business with complementary technologies. Meggitt has a strength of 9,000+ people.

TTP Ventus Limited was acquired by Lee Company Inc.

TTP Ventus Limited was acquired by Lee Company Inc.

According to the recent announcement, Lee Company the leader in miniature precision fluid control products has acquired Cambridge, UK located TTP Ventus, the well-known inventor, and manufacturer of compact micropumps and pump modules. This acquisition aims to enhance the existing portfolio of miniature fluid control components by adding exciting new technologies of TTP Ventus to serve life science and medical markets.

New Bosch Rexroth plant in North America

New Bosch Rexroth plant in North America

As a new step towards strengthening the presence of Bosch Rexroth in North America, a new Queretaro, Mexico-based plant is about to build. Rexroth plans to invest approximately 160 million euros in the new site and it is supposed to be opened in mid-2023. The new Mexico facility aims to strengthen local production capacities for mobile applications and factory automation.

Timken to Acquire GGB Bearing Technology

Timken to Acquire GGB Bearing Technology

Timken, the leading company for engineered bearings and industrial motion products has recently announced plans to acquire the Enpro Industries division GGB Bearing Technology (GGB). GGB is a global technology and market leader with manufacturing facilities in Europe, China, and the United States and employs approximately 900 people. The expected revenue for the fiscal year 2022 is around $200 million.

Agreement Between Helios Technologies and Daman Products

Agreement Between Helios Technologies and Daman Products

Helios Technologies, Inc, the global leader in engineered motion control and electronic controls technology has recently signed a definitive agreement to acquire the assets of the company Daman products headquartered in Mishawaka, Indiana. Daman Products is well-known in the industry for the design and manufacturing of precision hydraulic manifolds and related products. Both companies hasn’t disclosed the terms of the acquisition.
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