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Parker Hannifin Acquires Vansco Electronics
Cleveland, OH — Parker Hannifin Corporation (NYSE: PH) has acquired Vansco Electronics, a designer and manufacturer of electronic controls, displays and terminals, communication and operator interfaces, and sensors. Vansco systems for mobile equipment, a primary Parker market, include key applications for agricultural, construction, material handling, bus, RV, and specialty truck equipment. Vansco facilities in 5 countries employ 1,005 people.

Approximately 83 percent of Vansco's sales are made in Parker's Industrial North America reporting segment. This acquisition is expected to be accretive to earnings in its first full year of operations. Terms of the deal were not disclosed.

Vansco will become a part of the global operations of Parker's hydraulic technology business. It will complement a broad line of hydraulic components and systems including pumps, motors, valves, cylinders, hydraulic drives, energy recovery systems, and vehicle cooling and engine management systems.

Contact: Parker Hannifin Corp., 6035 Parkland Blvd., Cleveland, OH 44124
 800-272-7537 or 216-896-3000 fax: 216-896-4000 Web: http://www.parker.com

 
 

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