Parker-Hannifin Completes Buy of Meggitt
Noting their complementary product lines, Parker executives said the addition of Meggitt will help grow its electric and clean technology businesses.
Meggitt produces a range of products, including complex composite structures for a number of business jets. (Photo: Parker Meggitt)
Meggitt produces a range of products, including complex composite structures for a number of business jets. (Photo: Parker Meggitt)

Parker-Hannifin has substantially expanded its footprint in the aerospace supply chain with the completion of its £6.3 billion ($7.24 billion) acquisition of UK-based Meggitt. Announced on Tuesday, the completion comes a little more than a year after the two companies announced plans for the merger and two weeks after they had noted that they had cleared regulatory requirements.


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