Parker-Hannifin to Buy Circor Aerospace for 2.55 Billion
KKR will sell its Circor Aerospace division to Parker-Hannifin for 2.55 billion dollars. The deal focuses on the aerospace unit rather than the entire company.
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Parker-Hannifin will acquire the aerospace division of Circor from KKR & CO INC for $2.55 billion. The all-cash transaction marks an expansion of Parker's flight-control and actuation portfolio. This deal allows KKR to exit a specific industrial segment.
