Parker Hannifin has acquired Hanil Hydraulics, a Korean-based maker of hydraulic valves used in construction equipment.
With annual revenues of approximately $25 million, Hanil Hydraulics employs 140 people.
The company produces sectional valves, gear pumps and monoblock spool valves for mobile equipment including excavators, forklifts, and lift trucks, primarily serving the Korean and Chinese markets.
Hanil will now become part of Parker's Asia Pacific Hydraulics Group.
Terms of the deal were not disclosed.
Project to investigate hybrid approach to titanium manufacturing
What is this a hybrid of? Superplastic forming tends to be performed slowly as otherwise the behaviour is the hot creep that typifies hot...