# 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: 2022-09-01
- Where: 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

- [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."

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