Ohio-based motion/control maker Parker Hannifin Corporation has acquired a Nagpur, India based manufacturing facility and business.
The Cleveland company bought the hydraulics manufacturing division of India’s PIX Transmissions Ltd in order to solidify its position in the growing Indian market. PIX makes hydraulic and industrial hose, hose assemblies and fittings used in general engineering, marine, agriculture, mining, construction and heating and air conditioning markets. The business’ annual sales total about $13 million, it employs 470 people and the deal includes a $25 million manufacturing facility.
The division will be integrated into Parker’s Fluid Connectors Group and the sales will be reported as part of the International Industrial Segment.
Earlier in the week, Parker acquired the filtration business of Bangalore -based John Fowler (India) Private Ltd. The filtration business makes air, fuel and hydraulic filters. It has annual sales of about $4 million and employs 50 people.