Parker Hannifin Corporation, a Fortune 250 leader in motion and control technologies, is making a bold $1 billion move into integrated electrification by acquiring Curtis Instruments. The acquisition deepens Parker’s capabilities across electric and hybrid applications in off-highway, material handling, and industrial vehicle sectors.
The transaction is expected to close by the end of 2025, pending regulatory approval, with Curtis bringing an estimated $320 million in annual revenue into Parker’s portfolio.
“Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions,” said Jenny Parmentier, Parker’s Chairman and CEO.
From forklifts to agricultural machinery, electrification in heavy industry is moving from pilot projects to operational priorities. The Curtis acquisition brings Parker:
“This deal echoes a recent wave of M&A activity aimed at consolidating electrification capabilities across heavy industry,” said an industry analyst. “Parker’s vertically integrated approach could set a new standard in how powertrain ecosystems evolve.”
The acquisition aligns with Parker’s “Win Strategy™,” aimed at delivering scalable innovation and operational efficiency. Executives from Rehlko and Platinum Equity praised the move:
“Rehlko is proud of the legacy and performance of Curtis as a high-performing, innovation-driven business,” said Brian Melka, President and Chief Executive Officer of Rehlko. “Parker is an exceptional company and we are confident Curtis will thrive from Parker’s increased scale, focus, and investment.”
“We have great respect for Curtis, its leadership team and its innovative products, and we are confident that Parker Hannifin is the right home for the business going forward,” said Platinum Equity Co-President Jacob Kotzubei and Managing Director Matthew Louie in a joint statement.
Parker will integrate Curtis’s capabilities into its existing platform—enhancing electrification speed and system intelligence.
Looking ahead, analysts and stakeholders will be monitoring:
With its expanded control stack, Parker is poised to lead in delivering modular electrification platforms for OEMs across industrial sectors.
