Parker Expands Presence in the Latin America Hydraulic Filtration Market
Parker Hannifin Corporation, Cleveland, USA, a global leader in motion and control technologies, has acquired HDA Acessorios e Equipamentos Ltd. of Sao Paulo, Brazil. HDA is a manufacturer of hydraulic filters and accessories typically used in the mobile equipment, industrial and agriculture markets with offices and a manufacturing location in Sao Paulo.
HDA has annual sales of approximately USD 10 million and employs 88 people. Sales will be reported in Parker’s Industrial reporting segment and the acquired company will be integrated as a business unit within the Parker Latin America Group.
With annual sales of USD 10 billion in fiscal year 2010, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 55,000 people in 46 countries around the world.
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