Parker Hannifin acquires SSD Drives
Parker Hannifin has broadened its automation offering with the acquisition of SSD Drives, a combination that strengthens Parker's global position in industrial electromechanical technology.
SSD Drives has four main manufacturing facilities, including one each in the United Kingdom, France, Germany and the United States, and a sales presence in more than 40 countries.
The company employs about 1,000 people worldwide and manufactures ac and dc drives, as well as servo drives, motors, and systems for leading original equipment manufacturers, end users, and integrators in automated industrial process applications.
SSD Drives serves global target markets such as plastics, converting, packaging, extrusion, printing, pulp and paper, primary metals and general industrial automation. It will become part of Parker's Automation Group, with results reported within the company's industrial segments.
The acquisition offers complementary technology, products, and customers, adding its leadership in industrial automation and drives technology to Parker's existing strong presence in the precision electromechanical market.
Parker Hannifin is represented in Australia by Motion Solutions Australia Pty Ltd.
9-Jan-2006