Parker Hannifin acquires PIX Transmissions hydraulics/hose & fittings division (India)

Parker Hannifin acquired the hydraulics manufacturing division (hose, hose assemblies, fittings) of PIX Transmissions Ltd. in India, integrating it into its Fluid Connectors Group. Terms were undisclosed; the acquired business has ~$13M annual sales.

“Parker Hannifin Corp. announced that it has acquired the hydraulics manufacturing division of PIX Transmissions Ltd., Nagpur, India. PIX manufactures a range of hydraulic and industrial hose, hose assemblies, and fittings primarily used in the general engineering, marine, agriculture, mining, construction, and HVAC markets. Terms of the transaction were not disclosed.”

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