The 2020 Mid-Year Economic Update_long

Parker Hannifin Acquires EmiTherm Sdn Bhd

Parker Hannifin Corp., Cleveland, OH, a manufacture in motion and control technologies, has acquired Malaysia-based EmiTherm Sdn Bhd, a provider of electromagnetic interference (EMI) shielding and thermal management products. Terms of the transaction were not disclosed.
 
EmiTherm will be integrated into the Chomerics Asia-Pacific Division, a unit of Parker's global Seal Group.
 
EmiTherm enjoys a strategic footprint in Malaysia, enabling us to effectively serve our customers throughout the region. The acquisition of EmiTherm provides us with strategic advantage in this vital electronics manufacturing region, offering global customers access to products and efficient supply chain management," Heinz Droxner, president of Parker's Seal Group, ...

Parker Hannifin Corp., Cleveland, OH, a manufacture in motion and control technologies, has acquired Malaysia-based EmiTherm Sdn Bhd, a provider of electromagnetic interference (EMI) shielding and thermal management products. Terms of the transaction were not disclosed.
 
EmiTherm will be integrated into the Chomerics Asia-Pacific Division, a unit of Parker’s global Seal Group.
 
EmiTherm enjoys a strategic footprint in Malaysia, enabling us to effectively serve our customers throughout the region. The acquisition of EmiTherm provides us with strategic advantage in this vital electronics manufacturing region, offering global customers access to products and efficient supply chain management,” Heinz Droxner, president of Parker’s Seal Group, said.
 
Revenues of the acquired business were approximately $4.2 million in 2007. Earnings are expected to be accretive to Parker in the first full year and will be reported within the Industrial International segment.

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