U.K. regulator approved the Parker-Hannifin acquisition of Meggitt. The company manufactures components and subsystems for the aerospace, defense and certain energy markets. The company had revenues of $2.3 billion in 2020 and more than 9,000 employees. The amount of the deal is Β£6.3 billion. It is planned to be closed in Q3 2022.
U.K. regulator approved the Parker-Hannifin acquisition of Meggitt. The company manufactures components and subsystems for the aerospace, defense and certain energy markets. The company had revenues of $2.3 billion in 2020 and more than 9,000 employees. The amount of the deal is Β£6.3 billion. It is planned to be closed in Q3 2022. 
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