{"id":127438,"date":"2022-05-23T13:03:36","date_gmt":"2022-05-23T13:03:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=127438"},"modified":"2022-05-23T13:03:36","modified_gmt":"2022-05-23T13:03:36","slug":"kaman-to-buy-aircraft-wheel-brake-division-of-parker-hannfin-for-440-mln","status":"publish","type":"post","link":"https:\/\/fin2me.com\/industries\/kaman-to-buy-aircraft-wheel-brake-division-of-parker-hannfin-for-440-mln\/","title":{"rendered":"Kaman To Buy Aircraft Wheel &amp; Brake Division Of Parker-Hannfin For $440 Mln"},"content":{"rendered":"<p> Kaman Corp. (KAMN) announced Monday that it has entered into a definitive agreement with Parker-Hannifin Corp. (PH), under which Kaman will acquire Parker&#8217;s aircraft wheel &#038; brake division for $440 million, subject to a customary working capital adjustment and the receipt of all necessary regulatory approval.<\/p>\n<p>Parker is divesting Aircraft Wheel &#038; Brake in order to secure approval from certain governmental authorities in connection with Parker&#8217;s previously announced offer to acquire Meggitt plc.<\/p>\n<p>Parker&#8217;s aircraft wheel &#038; brake division has been a provider of mission-critical wheel and brake <span>technology<\/span> products and solutions for more than eighty years.<\/p>\n<p>Aircraft Wheel &#038; Brake operates out of one centralized facility in Avon, Ohio, providing a full suite of capabilities including design, development and qualification, as well as manufacturing and assembly, product support and repairs.<\/p>\n<p>The complementary acquisition of the division will expanding the breadth of our product offerings, increasing our exposure to attractive <span>markets<\/span>, and driving meaningful near-term margin and cash flow accretion.<\/p>\n<p>The transaction is expected to close before year end, subject to customary regulatory approval, including under applicable competition and foreign investment laws, and certain other closing conditions.<\/p>\n<p>Closing of the transaction is not subject to a financing condition, although the company has obtained a financing commitment, subject to customary conditions, that will provide it with sufficient funding to consummate the closing. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3285986\/kaman-to-buy-aircraft-wheel-brake-division-of-parker-hannfin-for-440-mln.aspx?type=maa\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kaman Corp. (KAMN) announced Monday that it has entered into a definitive agreement with Parker-Hannifin Corp. (PH), under which Kaman will acquire Parker&#8217;s aircraft wheel [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":127437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kaman To Buy Aircraft Wheel &amp; Brake Division Of Parker-Hannfin For $440 Mln - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/industries\/kaman-to-buy-aircraft-wheel-brake-division-of-parker-hannfin-for-440-mln\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kaman To Buy Aircraft Wheel &amp; Brake Division Of Parker-Hannfin For $440 Mln - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Kaman Corp. 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