Parker Acquires Meggitt PLC

PARKER ACQUIRES MEGGITT PLC

event 27/Sep/2022

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.

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