Buying hydraulics
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.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Experts speculate over cause of Iberian power outages
I´m sure politicians will be thumping tables and demanding answers - while Professor Bell, as reported above, says ´wait for detailed professional...