Parker Acquires Meggitt PLC

Parker Acquires Meggitt PLC

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Sep 27, 2022 - 11:57 Updated: Sep 13, 2025 - 11:58
Parker Acquires Meggitt PLC

The motion and control technology leader Parker-Hannifin Corporation recently completed the acquisition of Coventry-based Meggitt PLC, UK, 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 workforce of over 9,000 people.

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