Kaman Corporation Announces Definitive Agreement To Acquire The Parker-Hannifin Aircraft Wheel & Brake Division
Acquiring Company
Karman Industries
Acquired Company
Parker-Hannifin Aircraft Wheel & Brake Division
Los AngelesManufacturingDescription
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”).
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Frequently asked
Who acquired Parker-Hannifin Aircraft Wheel & Brake Division?
Parker-Hannifin Aircraft Wheel & Brake Division was acquired by Karman Industries, based in Los Angeles. The deal was reported on May 23, 2022. Karman Industries is electrifying industrial thermal energy use to help global enterprises significantly reduce both manufacturing costs and onsite Scope 1 emissions. Karman Industries is privately held and operates in Manufacturing.
When did Karman Industries acquire Parker-Hannifin Aircraft Wheel & Brake Division?
Karman Industries's acquisition of Parker-Hannifin Aircraft Wheel & Brake Division was reported on May 23, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Parker-Hannifin Aircraft Wheel & Brake Division do?
Parker-Hannifin Aircraft Wheel & Brake Division is the company acquired in this transaction. It is privately held.
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