Parker Hannifin Acquires Vansco Electronics

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April 7, 2008

Parker Hannifin Acquires Vansco Electronics

Parker Hannifin Corp., Cleveland, OH, supplier in motion and control technologies, has acquired Vansco Electronics, a 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 Canada, the U.S., Finland, Belgium, and the United Kingdom employ 1,005 people. In the fiscal year ending Aug. 31, 2007, Vansco achieved sales of $180 million. About 83 percent of Vansco's sales are made in Parker's Industrial North America reporting segment.

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

With annual sales exceeding $10 billion, Parker Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets. The company is in 43 countries.

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