# Parker Hannifin completes acquisition of Meggitt

The Court-sanctioned scheme of arrangement for Parker's acquisition of aerospace components maker Meggitt became effective on 12 September 2022. The deal value is not stated in the article.

- Type: Acquisition
- Announced: 2022-06-28
- Where: Ansty Park, UK, United Kingdom
- Value: $7.70B (6.30B GBP)
- Status: completed
- Products: aerospace 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

- [gov.uk](https://www.gov.uk/government/news/consultations-launched-on-proposed-acquisition-of-meggitt-plc-by-parker-hannifin), 2022-06-28: "The Business Secretary is minded to accept undertakings offered by Parker-Hannifin to address the concerns."
- [cityam.com](https://www.cityam.com/6-3bn-takeover-of-aeroplane-giant-meggitt-heading-for-final-approval-as-uk-govt-is-minded-to-accept/), 2022-06-29: "The UK Government said it was 'minded' to accept measures to address competition and national security concerns so it can greenlight the £6.3bn takeover of British aeroplane parts maker Meggitt by a US rival."
- [gov.uk](https://www.gov.uk/government/publications/proposed-acquisition-of-meggitt-plc-by-parker-hannifin-deed-of-covenant), 2022-07-19: "Parker-Hannifin will continue to use the Meggitt name in combination with its own and will retain Ansty Park as its UK headquarters and its centre of excellence for aerospace and advanced materials."
- [gov.uk](https://www.gov.uk/government/news/update-on-the-proposed-acquisition-of-meggitt-plc-by-parker-hannifin-corporation), 2022-07-19: "The Business Secretary has now accepted undertakings from the parties to mitigate national security risks and competition concerns."
- [meggitt.com](https://www.meggitt.com/news/scheme-of-arrangement-becomes-effective/), 2022-09-12: "Meggitt and Parker are pleased to announce that the Court sanctioned Scheme has now become effective."
- [compasslexecon.com](https://www.compasslexecon.com/cases/parker-hannifin-and-meggitt-obtain-approval-for-their-6-3-billion-merger-in-the-air-and-spacecraft-sector), 2023-03-23: "In September 2022, Parker-Hannifin Corporation ("Parker") closed its acquisition of Meggitt PLC, after obtaining clearance from regulatory authorities."

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