Parker purchases Mead Fluid Dynamics’ U.K.-based subsidiary
Cleveland, OH—Parker Hannifin Corp. reports that it has acquired the assets of Mead Fluid Dynamics Ltd., the European subsidiary of Chicago-based Mead Fluid Dynamics Inc., for an undisclosed sum.
Cleveland, OH— Parker Hannifin Corp. reports that it has acquired the assets of Mead Fluid Dynamics Ltd., the European subsidiary of Chicago-based Mead Fluid Dynamics Inc., for an undisclosed sum.
Located in the U.K., Mead Fluid Dynamics Ltd. has annual revenues of approximately $3 million. It designs and assembles pneumatic components and control systems for the transportation and process control markets. The business will be integrated into Parker's Automation Group. The current operation will be transferred to Parker's Pneumatic Division Europe located in Cannock, U.K.
'The acquisition of Mead Fluid Dynamics will be complementary to Parker's existing transportation product offering and supports our vision of being the premier provider of system solutions,' said Bob Bond, president of Parker’s Automation Group.
Parker manufactures a wide range of products for motion-control, robotic and electromechanical applications, including controllers, servo and stepper drives, servo motors, CTC human-machine interfaces (HMI) and PC-based machine controls produced by its electromechanical divisions.
With sales approaching $7 billion, Parker reports that it’s the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 46,000 people in 44 countries
Control Engineering Daily News Desk
Jim Montague, news editor