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Kaman Corporation Announces Definitive Agreement To Acquire The Parker-Hannifin Aircraft Wheel & Brake Division

Kaman Corporation Announces Definitive Agreement To Acquire The Parker-Hannifin Aircraft Wheel & Brake Division

05/23/22, 11:08 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglos angeles
Industry
manufacturing
Kaman Corporation (NYSE:KAMN) announced today that it has entered into a definitive agreement with Parker-Hannifin Corporation (“Parker”), under which Kaman will acquire Parker’s aircraft wheel & brake division (“Aircraft Wheel & Brake”) for $440 million, subject to a customary working capital adjustment and the receipt of all necessary regulatory approvals (the “Transaction”). Parker is divesting Aircraft Wheel & Brake in order to secure approval from certain governmental authorities in connection with Parker’s previously announced offer to acquire Meggitt PLC (the “Meggitt Acquisition”).

Company Info

Company
Karman Industries
Location
Los Angeles, California, United States
Company info
Karman Industries is electrifying industrial thermal energy use to help global enterprises significantly reduce both manufacturing costs and onsite Scope 1 emissions. The company brings together the latest advancements in hardware technology, industrial manufacturing, and additional proprietary innovations to engineer the first-of-its-kind Thermal01 electric heat pump.

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