# 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.

- Type: Acquisition
- Announced: 2022-04-11
- Where: United Kingdom
- Value: $8.20B (6.30B GBP)
- Status: announced
- Products: aircraft wheels and brakes, aerospace components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [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

- [thefreelibrary.com](https://www.thefreelibrary.com/Parker-Hannifin+says+European+Commission+clears+acquisition+of...-a0700105330), 2022-04-11: "Parker-Hannifin says European Commission clears acquisition of Meggitt."
- [insidermedia.com](https://www.insidermedia.com/news/midlands/european-commission-approves-proposed-meggitt-acquisition), 2022-04-12: "The European Commission has approved the proposed £6.3bn acquisition of aerospace and defence engineering group Meggitt."
- [coventrytelegraph.net](https://www.coventrytelegraph.net/news/local-news/sale-warwickshire-aerospace-firm-meggit-23680625), 2022-04-15: "The acquisition of Meggitt by US engineering technology giant Parker-Hannifin has been approved by the European Commission, subject to a number of conditions."

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