Parker Hannifin completed the acquisition of Curtis Instruments from Platinum Equity-backed Rehlko for $1bn.

Parker Hannifin, a producer of hydraulic and pneumatic systems, completed the acquisition of Curtis Instruments, a manufacturer of motor speed controllers, from Platinum Equity-backed Rehlko, a holding company, for $1bn. “We welcome the Curtis team to Parker and look forward to building on our combined strengths to create accelerated growth opportunities. We have formed an integration team involving team members from both organizations. Using our proven business system, The Win Strategy™, we believe we can deliver a premier customer experience, strong operational synergies, and shareholder value,” Jenny Parmentier, Executive Officer Chairman and Chief.