Parker Buys South African Hydraulics Manufacturer
Posted on February 16, 2006
Parker Hannifin Corp. announced it has acquired the assets of Denquip Systems Limited and Denquip Hydraulics Limited, both in Johannesburg, South Africa. Terms of the deal were not disclosed. Annual revenues of both businesses total approximately $6 million.
Denquip Systems designs, manufactures and markets hydraulic systems and services for customers in South Africa and neighboring countries. Denquip Hydraulics distributes products for Denison International plc, which was acquired by Parker in 2004. The assets will be integrated into Parker Hannifin South Africa Ltd., part of the company's industrial segment.