Parker acquires manufacturer of structural framing systems for automation

Cleveland, O. - Parker Hannifin Corp. announced Jan. 31 that it has acquired IPS Industrial Profile Systems (Houston, Tex.) for an undisclosed sum.

02/08/2002


Cleveland, O. - Parker Hannifin Corp. announced Jan. 31 that it has acquired IPS Industrial Profile Systems (Houston, Tex.) for an undisclosed sum. Formerly known as Item Products, IPS is a manufacturer of specialized structural systems used in factory automation, machine building, safety enclosures, and assembly workstations.

IPS has 150 employees, annual revenues of $20 million, and nine facilities in the U.S., Canada and Mexico. IPS will become part of Parker's Automation Group and its Automation Actuator Division (Wadsworth, O.).

'This addition is another step in our strategy to offer complete systems for industrial automation,' says Bob Bond, president of Parker's Automation Group.

Roger Sherrard, gm of Parker's Automation Actuator Division, adds that, 'IPS is a perfect complement to our own structural systems and linear motion products, and it also brings a welcome combination of talented people, innovative products and local systems integration expertise.'





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me