We are pleased to announce Parker have signed an agreement to acquire the Olaer Group.

Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it has signed an agreement to acquire the Olaer Group headquartered in Chester, England.

“Joining Parker is absolutely the right move for Olaer now,” said Mike Blenkinsop, Chief Executive Officer, Olaer Group. “This transaction will secure Olaer’s continued development, with the added dimension of being an integral part of one of the world’s leading manufacturing companies.”

Read the official announcement for more information

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