Parker Hannifin to acquire Curtis Instruments for ~$1B

JHVEPhoto/iStock Editorial via Getty Images

Motion and control technologies company Parker Hannifin (NYSE:PH) announced on Monday an acquisition of Curtis Instruments from the energy resilience firm Rehlko for ~$1B in cash.

Shares were +0.78% pre-market to $706.00.

Curtis designs and manufactures motor speed controllers, instrumentation, power conversion, and input devices, and expects 2025 sales of ~$320M.

The transaction is expected to close by 2025-end.