Parker Signs Agreement to Acquire the Olaer Group to Expand Geographic and Market Presence with Complementary Accumulator and Cooling Technologies
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.”
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