Parker Hannifin Acquires Origa Group
Post date: Jan 1, 2010 9:27:57 AM
Expanding its European Presence in Pneumatic Technologies
CLEVELAND - October 1, 2008 - Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it has acquired Hoerbiger-Origa Holding AG (Origa Group) from Hoerbiger Holding AG of Zug, Switzerland. Origa Group is a manufacturer of rodless pneumatic actuators, electric actuators, FRLs (filter regulator lubricator), pneumatic cylinders, and valves used in the transportation, semiconductor, packaging and conveying markets. The Group has major operations in Filderstadt, Germany, Wiener Neustadt, Austria, Glendale Heights, Illinois in the United States and smaller facilities in several other international locations.
Origa will continue to serve our customers globally, now as a division of Parker Hannifin's Automation Group.
“We are pleased that Origa is now a unit of the world’s leading motion and control technology company," said Dieter Friedemann for Origa Group. “Parker has a reputation for leveraging the capabilities of the businesses it acquires yielding accelerated growth and profitability. That is good news for Origa customers, suppliers and employees."
“We’re excited about the opportunities this combination offers for Parker," said Roger Sherrard, President of Parker’s Automation Group. “Origa is a respected manufacturer and their world class rodless actuator line strengthens the depth and breadth of our global product portfolio." The Origa brand is well known particularly in European markets that offer growth opportunities for Parker.