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Parker Hannifin Acquires Bayside Controls

Parker Hannifin Corporation,Cleveland, OH, has acquired Bayside Controls, Inc., Port Washington, NY, a manufacturer of integrated solutions for industrial and precision automation applications. Terms of the deal were not disclosed. Bayside will be integrated with Parker Automation Group's Electromechanical Automation Division. Bayside Controls has annual revenues of approximately $25 million. The company employs 139 people and has operations in the United States, Germany and Singapore. The acquisition is expected to be accretive to earnings in calendar year 2005.

With a broad technology base across mechanical and electrical disciplines, Bayside Controls is a unique manufacturer providing electromechanical automation subsystems that combine servo motors and controls, geared drives, linear positioning systems and integrating software for customers in the semiconductor, electronics, automotive, medical, machine tool and telecommunications industries. Bayside supports customers in more than 80 countries.

"Parker's acquisition of Bayside expands our product breadth in electromechanical automation and gives us a leading market position. We are particularly pleased to add Bayside's sophisticated gearhead and systems engineering expertise to our strong rotary and linear motion technology to create a complete electromechanical motion solution from one company," said Automation Group President Roger Sherrard.

Bayside Controls CEO Avi Telyas said, "Adding the strengths of Bayside products to Parker will give customers complete system solutions and create greater penetration into new and existing markets."

Parker Automation's Electromechanical Automation division manufactures a complete line of motion control products including controllers, servo and stepper drives, servo motors, CTC human-machine interfaces (HMI) and PC-based machine control. Parker also manufactures, sells and markets other products generally used in applications involving motion control, robotics and automation.

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