# Parker-Hannifin to acquire Meggitt for £6.3 billion

Parker-Hannifin's £6.3 billion takeover of Meggitt is expected to complete in Q3 2022, despite a UK government referral on national security grounds. The deal includes commitments to keep Meggitt's UK headquarters in Coventry and protect R&D jobs.

- Type: Acquisition
- Announced: 2021-10-19
- Where: United Kingdom
- Value: $8.70B (6.30B GBP)
- Status: announced
- Products: aerospace components, defence components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Parker-Hannifin](https://endata.com/companies/479.md) (acquirer)
- [Meggitt](https://endata.com/companies/1177.md) (target)

## Sources

- [aerospaceglobalnews.com](https://aerospaceglobalnews.com/news/meggitt-confident-us-takeover-will-go-ahead-despite-government-intervention/), 2021-10-19: "Meggitt has said it was confident its £6.3bn takeover by US rival Parker-Hannifin will go ahead despite the intervention of business secretary, Kwarsi Kwarteng over national security concerns."

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