Parker to acquire Curtis Instruments
Parker Hannifin Corp., a provider of motion and control technologies, announced it has agreed to acquire Curtis Instruments, Inc. from Rehlko for approximately $1 billion in cash.
The transaction is expected to close by the end this calendar year.
Curtis designs and manufactures motor speed controllers, instrumentation, power conversion and input devices that complement Parker’s strength in electric vehicle motors, hydraulic and electrification technologies. Curtis expects calendar year 2025 sales of approximately $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 Parker Chairman and Chief Executive Officer Jenny Parmentie. “Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions. We anticipate a smooth closing and look forward to welcoming the Curtis team. Using our proven business system, The Win Strategy, we believe we can deliver strong operational synergies, creating shareholder value.”
“Rehlko is proud of the legacy and performance of Curtis as a high-performing, innovation-driven business,” said Rehlko President and Chief Executive Officer Brian Melka. “Parker is an exceptional company and we are confident Curtis will thrive from Parker’s increased scale, focus, and investment.”
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