Parker-Hannifin to acquire KKR-owned Circor Aerospace; shares fall

Parker-Hannifin

21/05/2026 16:38

** Shares of U.S. investment firm KKR KKR.N fall nearly 1.2% to $93.3

** Motion control products maker Parker-Hannifin's PH.N shares down 1.3% at $848.7

** KKR to sell aerospace division of Circor to Parker-Hannifin for $2.55 billion

** The acquisition is expected to strengthen Parker‑Hannifin’s position in high‑margin aerospace systems

** Deal is projected to close in the second half of 2026

** Including session's moves, KKR down 27% and PH down 3.5% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))