Parker Hannifin Corporation, a global provider of motion and control technologies, announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko, for approximately $1 billion in cash.
The transaction is subject to typical closing conditions, including receipt of applicable regulatory approvals, and is expected to close by the end of calendar year 2025.
Curtis designs and manufactures motor speed controllers, instrumentation, power conversion, and input devices that complement Parker’s strength in electric vehicle motors and electrification technologies. Curtis expects calendar year 2025 sales of approximately $320 million.
“Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions,” said Jenny Parmentier, chairman and CEO.
Rehlko and its financial sponsor, Platinum Equity, praised the deal and the synergy between Parker and Curtis.
“We have great respect for Curtis, its leadership team and its innovative products, and we are confident that Parker Hannifin is the right home for the business going forward,” said Platinum Equity co-president Jacob Kotzubei and managing director Matthew Louie in a joint statement.
Filed Under: Electrification, Technology News