# LSIS acquires Parker Hannifin's Energy Grid Tie Division

LSIS, a Korea-based power and automation company, acquired the Energy Grid Tie Division of Parker-Hannifin, creating a new U.S.-based company, LS Energy Solutions. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2018-12-05
- Where: Charlotte, North Carolina, United States
- Status: completed
- Products: energy storage power conversion systems, switchgear, circuit breakers, contactors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Parker-Hannifin](https://endata.com/companies/479.md) (target)
- [LSIS](https://endata.com/companies/35906.md) (acquirer)
- [LS Energy Solutions](https://endata.com/companies/35907.md) (acquirer)

## Sources

- [eepower.com](https://eepower.com/news/lsis-acquires-parker-hannifins-energy-grid-tie-division/), 2018-12-05: "Combining our PCS and system integration capabilities with LSIS’s full line of electric power products like switchgear, circuit breakers and contactors will make us a competitive one-stop shop for energy storage offerings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.