Parker Hannifin to Acquire Curtis Instruments, broadening its commercial and off-road electrification product offerings
Parker Hannifin, a leading global provider of motion and control technologies, has announced its intention to acquire Curtis Instruments from Rehlko for approximately $1 billion in cash. The deal, which is expected to close by the end of calendar year 2025, aims to strengthen Parker Hannifin's position in the electrification market and expand its offerings in key applications within the industrial and commercial sectors.
The strategic focus of the acquisition is to provide comprehensive electrification solutions for the industrial material handling, off-highway vehicles, and commercial electric/hybrid vehicle markets. This move is aligned with long-term industry trends toward electrification, as these sectors increasingly adopt more electric and hybrid solutions.
Curtis Instruments, a high-performing, innovation-driven business, specialises in motor speed controllers, power conversion, instrumentation, and input devices. These capabilities complement Parker Hannifin's existing portfolio of electric vehicle motors, hydraulic, and electrification technologies.
Brian Melka, President and CEO of Rehlko, expressed pride in Curtis Instruments and its team, stating that he is confident the company will thrive under Parker Hannifin's increased scale, focus, and investment. Jenny Parmentier, Chairman and CEO of Parker Hannifin, echoed this sentiment, adding that the acquisition adds complementary technologies to their existing industrial electrification platform.
The acquisition targets applications in electric and hybrid vehicles, with a specific focus on in-plant material handling equipment, off-highway market applications, and commercial electric and hybrid vehicles. Electrification and precision motion controls are becoming increasingly critical in these targeted applications, and Curtis Instruments' expertise in control technologies will complement Parker Hannifin's motor and motion control capabilities.
Curtis Instruments is expected to generate roughly $320 million in annual sales for the 2025 calendar year. The company designs and manufactures power electronics, instrumentation, and input devices for commercial vehicles, making it a valuable addition to Parker Hannifin's portfolio.
Parker Hannifin's Chairman and CEO, Jenny Parmentier, is confident that this acquisition will enable the company to achieve substantial operational synergies by integrating Curtis's products into their offerings. The move is expected to enhance efficiency and performance in these key application areas, capitalising on growing electrification trends in material handling and off-highway vehicles.
Rehlko's Chairman and CEO, Brian Melka, considers Parker Hannifin to be an exceptional company, and he is excited about the opportunities this acquisition presents for Curtis Instruments and its team. With this acquisition, Parker Hannifin continues to demonstrate its commitment to innovation and growth in the electrification market.
Technology plays a pivotal role in both Parker Hannifin's and Curtis Instruments' offerings, with the latter specializing in motor speed controllers, power conversion, instrumentation, and input devices, enhancing Parker Hannifin's existing portfolio of electric vehicle motors, hydraulic, and electrification technologies. This technological synergy aims to capitalize on growing industry trends toward electrification, particularly in targeted applications such as in-plant material handling equipment, off-highway market applications, and commercial electric and hybrid vehicles.
