Parker Hannifin purchases Bayside Controls
Cleveland, OH; Port Washington, NY—Parker Hannifin Corp. reports that it has acquired Bayside Controls Inc., which manufactures integrated solutions for industrial and precision automation applications.
Cleveland, OH; Port Washington, NY— Parker Hannifin Corp. reports that it has acquired Bayside Controls Inc., which manufactures integrated solutions for industrial and precision automation applications. Terms of the deal were not disclosed, but the deal is expected to be accretive to 2005’s earnings. Bayside will be integrated with Parker Automation Group's Electromechanical Automation Division.
Bayside Controls has annual revenues of approximately $25 million. The company employs 139 people, has operations in the U.S., Germany and Singapore, and custiomers in more than 80 countries. With a reportedly broad technology base in mechanical and electrical disciplines, Bayside provides electromechanical automation subsystems that combine servo motors and controls, geared drives, linear positioning systems and integrating software for customers in the semiconductor, electronics, automotive, medical, machine tool and telecommunications industries.
'Parker's acquisition of Bayside expands our product breadth in electromechanical automation and gives us a leading market position,” says Roger Sherrard, Parker Automation Group’s president. “We’re particularly pleased to add Bayside's sophisticated gearhead and systems engineering expertise to our strong rotary and linear motion technology to create a complete electromechanical motion solution from one company.'
Avi Telyas, Bayside’s CEO, adds that, 'Adding the strengths of Bayside’s products to Parker will give customers complete system solutions and create greater penetration into new and existing markets.'
Parker's Electromechanical Automation division manufactures motion control products, including controllers, servo and stepper drives, servo motors, CTC human-machine interfaces (HMI) and PC-based machine control. Parker also manufactures other products used in applications involving motion control, robotics, and automation.
Control Engineering Daily News Desk
Jim Montague, news editor