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Parker Hannifin Corporation,Cleveland, OH, and Trilogy Systems Corporation jointly announced that Parker has acquired the operations of Houston-based Trilogy Systems for an undisclosed amount. Trilogy will join Parker Automation Group's Electromechanical Automation Division, based in Rohnert Park, CA. Founded in 1986, Trilogy Systems employs 38 people and has annual sales of approximately $6 million.
Trilogy is a North American manufacturer of linear motors. According to Parker Automation Group President Bob Bond, the acquisition provides Parker with all of the main technologies in linear motion that cover the widest range of applications, from semiconductor to machine tool.
"Acquiring Trilogy Systems solidifies Parker's position in the fast- growing linear motor market and we are very pleased to add their strengths to our portfolio," said Bond. "The strong product line increases our ability to be an automation solutions provider for a broad range of global machine builders. It enhances our technology offering, integrates well with our drives and controls products, and provides supply base synergies with our rotary motors."
Trilogy Systems President and Founder Bruce Beakley said, "Parker and Trilogy have enjoyed a long association and market success by combining Parker drives and controls with Trilogy linear motors through common distributors. I'm confident that this acquisition will result in even greater success, new opportunities and long-term growth."
Parker Automation Group's Electromechanical Automation Division manufactures a complete line of motion control products including controllers, servo and stepper drives and servo motors. Parker Automation also manufactures, sells and markets other products used in applications involving motion control, robotics and automation.
With annual sales of more than $7 billion, Parker Hannifin is the world's leading 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 employs more than 48,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 48 consecutive years, among the top five longest-running dividend-increase records in the S& P 500 index. For more information, visit the company's web site at http://www.parker.com , or its investor information site at http://www.phstock.com .