Parker Hannifin buys UK-based Kay Pneumatics

viernes 2 de noviembre de 2007 00:19 CET
 

 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)