Kaman completed the acquisition of the aircraft wheel & brake division of Parker-Hannifin for $440m.

Kaman, an aerospace company, completed the acquisition of the aircraft wheel & brake division of Parker-Hannifin, a motion-control company, for $440m. “We are executing on our strategic priority of growing through accretive M&A, by expanding our Engineered Products segment by adding capabilities in markets that we know well. The complementary acquisition of Aircraft Wheel & Brake will advance this strategy by expanding the breadth of our product offerings, increasing our exposure to attractive markets, and driving meaningful near-term margin and cash flow accretion. We are excited to add the experienced Aircraft Wheel & Brake management team to our organization while utilizing their leading proprietary technology and strong customer relationships,” Ian Walsh, Kaman Chairman, President and CEO.