Filtration, fluid connectors and motion control products manufacturer Parker Hannifin agreed to acquire Curtis Instruments from Rehlko for approximately $1 billion in cash.

The transaction is expected to close by the end of 2025 and is subject to customary closing conditions.

MDM’s 1Q25 M&A Report (store link) 

Based in Mt. Kisco, NY, Curtis develops and produces motor speed controllers, instrumentation, power conversion and input devices that Parker Hannifin said aligns with the company’s capabilities in electric vehicle motors, hydraulics and electrification. The company projects sales of approximately $320 million for its 2025 fiscal year.

“Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions,” Parker Hannifin Chairman and CEO Jenny Parmentier said in a June 30 news release. “We anticipate a smooth closing and look forward to welcoming the Curtis team. Using our proven business system, The Win Strategy.”

In the Store: MDM’s U.S. MRO Market Trends Report 

In recent company news, Parker Hannifin appointed Matthew Jacobson on May 8 to Vice President and President of Filtration Group, effective July 1.