# Parker-Hannifin completes acquisition of Meggitt for £6.3 billion

Parker-Hannifin Corporation has completed its acquisition of Meggitt PLC for approximately £6.3 billion. Meggitt is headquartered in Coventry, UK, and has annual revenue of about £1.63 billion.

- Type: Acquisition
- Announced: 2022-09-13
- Where: Coventry, United Kingdom
- Value: $7.20B (6.30B GBP)
- Status: completed
- Products: motion and control technologies, aerospace components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [investors.parker.com](https://investors.parker.com/news-events/press-releases/detail/15/parker-completes-acquisition-of-meggitt-plc), 2022-09-13: "We are excited to have reached the closing of what is a very compelling strategic and cultural combination."
- [ljaero.com](https://ljaero.com/parker-hannifin-completes-6-3-billion-acquisition-of-meggitt/), 2022-09-15: "The acquisition is the largest in the history of Parker-Hannifin Corp. and will nearly double the size of its Parker Aerospace division."
- [aviationweek.com](https://aviationweek.com/aerospace/manufacturing-supply-chain/interview-why-parker-hannifin-doubling-down-aerospace), 2022-10-13: "We’ve closed more than 80 transactions over the last 20 years, so we have a lot of experience with integration, especially in the last eight years of larger transactions."

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