CIRCOR Aerospace Acquired by Parker Hannifin | Manufacturing M&A Deal

Parker Hannifin has acquired CIRCOR Aerospace, a industrial equipment business in the aerospace sector, for $2.55 billion. CIRCOR Aerospace designs and manufactures flow control components used in aircraft and aerospace systems, supporting performance and reliability in demanding environments. Parker Hannifin acquisitions in industrial equipment aim to expand aerospace capabilities and strengthen manufacturing M&A exposure through targeted strategic acquisition. The announced divestiture acquisition is valued at over $100 million and is structured as a strategic acquisition by a strategic buyer, with closing expected after customary regulatory approvals.