Parker-Hannifin said on November 10, 2025 it entered into an Agreement and Plan of Merger to acquire Filtration Group Corporation via a merger transaction on a cash-free, debt-free basis.

1. 01

   Parker-Hannifin said on November 10, 2025 it entered into an Agreement and Plan of Merger to acquire Filtration Group Corporation via a merger transaction on a cash-free, debt-free basis.

2. 02

   The company set the cash purchase price for the Filtration Group acquisition at $9.25 billion, subject to a net working capital adjustment. It said it plans to finance the purchase price with new debt and cash on hand.

3. 03

   Parker-Hannifin said the completion of the Merger is subject to receipt of governmental and regulatory approvals, including Hart-Scott-Rodino Act approvals, and completion of a preclosing transfer of Filtration Group's Facet Filtration business to its stockholders. Either party may terminate the Merger Agreement if the Merger has not been completed by February 10, 2027, and this date may be extended upon satisfaction of certain conditions.

4. 04

   The company said Filtration Group is a private company headquartered in Oakbrook Terrace, Illinois, that provides complementary and proprietary filtration technologies for critical applications. Immediately prior to the effective time of the Merger, Filtration Group will merge with and into Merger Sub, with Filtration Group surviving as a wholly-owned subsidiary of Parker-Hannifin.

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