Parker acquires T Squared; expands into life science market
Parker Hannifin Corp. announced Nov. 4 that it has acquired T Squared Manufacturing Corp. (Lincoln Park, NJ) for an undisclosed amount. Parker reports that it expects the purchase to be accretive to its earnings as T Squared is integrated. With annual revenues of approximately $3 million, T Squared produces specialty diaphragm pumps for gaseous media in life science applica...
Parker Hannifin Corp. announced Nov. 4 that it has acquired T Squared Manufacturing Corp. (Lincoln Park, NJ) for an undisclosed amount. Parker reports that it expects the purchase to be accretive to its earnings as T Squared is integrated.
With annual revenues of approximately $3 million, T Squared produces specialty diaphragm pumps for gaseous media in life science applications. T Squared will become part of Parker’s Automation Group, and T Squared’s product line will become part of Parker’s Pneutronics division (Hollis, NH).
“The acquisition of T Squared will uniquely position Parker’s Pneutronics Division as the sole provider of both miniature solenoid valves and pump technology for life science applications,” says Bob Bond, Parker Automation’s president. “Adding T Squared technology to our existing product line supports our vision of being the premier value integrator of system solutions to the emerging life sciences market.”
Do you have experience and expertise with the topics mentioned in this content? You should consider contributing to our WTWH Media editorial team and getting the recognition you and your company deserve. Click here to start this process.
