Parker-Hannifin in talks to buy Filtration Group in a deal valued at $9 billion, Bloomberg News reports (updated)

Parker-Hannifin

10/11/2025 20:01

Adds details and background throughout

Nov 10 (Reuters) - Industrial and aerospace equipment maker Parker-Hannifin PH.N is in talks to buy Filtration Group from Madison Industries in a deal valued at about $9 billion, including debt, Bloomberg News reported on Monday, citing people familiar with the matter.

        A deal could be announced as soon as this week, though no final agreement has been reached yet, the report said. The timing remains uncertain and another potential bidder could still emerge, it added.

Parker-Hannifin and Madison Industries did not immediately respond to a Reuters request for comment.

Filtration Group, which makes filters for industrial and automotive uses, as well as for heating and cooling systems, employs a global workforce of more than 7,000 people worldwide.

Its parent company, Madison Industries,
said in September
 that it was exploring a sale of the business.

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Tasim Zahid)

 ((Abhinav.Parmar@thomsonreuters.com;))