Parker Hannifin announced an agreement to acquire Curtis Instruments from Rehlko for approximately $1 billion in cash. Curtis Instruments designs and manufactures power electronics, instrumentation and input devices for a range of commercial vehicles. The transaction is expected to close by the end of calendar year 2025. Curtis expects 2025 calendar year annual sales of roughly $320 million.

According to Parker Hannifin Chairman and CEO Jenny Parmentier, “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.” Parmentier also emphasized that the acquisition aligns with long-term industry trends toward electrification and expects to achieve substantial operational synergies by integrating Curtis’s products into Parker’s offerings.

The acquisition targets applications in electric and hybrid vehicles, particularly within in-plant material handling and off-highway environments, where electrification and precision motion controls are becoming increasingly critical.

“Rehlko is proud of the legacy and performance of Curtis as a high-performing, innovation-driven business,” said Brian Melka, President and Chief Executive Officer of Rehlko. “Parker is an exceptional company and we are confident Curtis will thrive from Parker’s increased scale, focus, and investment.”

Source: Parker Hannifin