Parker Hannifin buys Netherlands-based distributor
Cleveland, OH; Lummer, Netherlands—Parker Hannifin Corp. has acquired the hydraulic distribution and service assets of mobile hydraulics distributor Kuiken Hytrans BV, a subsidiary of Kuiken NV.
Cleveland, OH; Lummer, Netherlands— Parker Hannifin Corp. has acquired the hydraulic distribution and service assets of mobile hydraulics distributor Kuiken Hytrans BV, a subsidiary of Kuiken NV. Parks says the acquisition is expected to be accretive to earnings in 2005. Terms of the deal were not disclosed.
With 15 employees and approximately $6.3 million in annual revenues, Kuiken Hytrans specializes in the distribution and service of mobile hydraulic systems and components. It will be integrated with Parker Hannifin BV in the Netherlands, Parker Hannifin NV/SA in Belgium, and Parker Hannifin GmbH & Co KG in Germany, which are part of Parker's sales operations.
'We've enjoyed having Kuiken Hytrans as a long-time Parker distributor, and we’re very pleased to welcome the distribution and service activity into the Parker family,' said Ron Arthur, Parker's operations trading sub-north VP. 'Kuiken Hytrans is synonymous with quality, reliability and long- term partnerships. The acquisition will allow us to better serve our truck and mobile market customers in the three countries.'
Control Engineering Daily News Desk
Jim Montague, news editor