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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Parker-Hannifin receives European Commission clearance for Meggitt acquisition · Endata

◂ Announcements

Apr 11, 2022ACQUISITIONUnited Kingdom

Parker-Hannifin receives European Commission clearance for Meggitt acquisition

Parker-Hannifin announced that the European Commission has cleared its acquisition of Meggitt PLC, conditional on the divestment of Parker's Aircraft Wheel and Brake division. The deal is expected to close in Q3 2022.

Value

$8.20B (6.30B GBP)

Status

Announced

Productsaircraft wheels and brakesaerospace components

CompaniesParker-Hannifin acquirer Meggitt target

Sectors#Automotive Components #Aerospace Components

“Parker-Hannifin says European Commission clears acquisition of Meggitt.”thefreelibrary.com

3 sources
thefreelibrary.comParker-Hannifin says European Commission clears acquisition of Meggitt. - Free Online LibraryApr 11, 2022
insidermedia.comEuropean Commission approves proposed Meggitt acquisition | Insider MediaInsider MediaApr 12, 2022
coventrytelegraph.netSale of Warwickshire aerospace firm Meggit takes a step closer | Coventry LiveEnda MullenApr 15, 2022

Summarized from public sources; check the original articles before acting on it.

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