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News  ›  Benzinga

Parker Hannifin Strikes $9.25 Billion Deal To Build Filtration Powerhouse

Benzinga Logo Benzinga By Akanksha Bakshi
Parker Hannifin Strikes $9.25 Billion Deal To Build Filtration Powerhouse

Parker Hannifin announced a $9.25 billion cash acquisition of Filtration Group Corporation, expanding its industrial filtration capabilities and expecting $220 million in annual cost synergies by year three.

Insights
PH   positive

Company is strategically expanding its market presence, expects significant cost synergies, and projects enhanced organic growth and margins from the acquisition