Parker Hannifin buys UK-based Kay Pneumatics
Nov 1 (Reuters) - Diversified manufacturer Parker Hannifin Corp (PH.N: Cotización) said it acquired UK-based Kay Pneumatics Ltd to strengthen its automation business, but did not disclose terms of the deal.
Kay Pneumatics had sales of $43 million for the fiscal year ending April 30.
The deal is expected to add to Parker Hannifin's earnings in the first full year of operations, the company said in a statement. (Reporting by Aditi Samajpati in Bangalore)
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