Parker-Hannifin (PH) Expands EV Tech With $1B Curtis Instruments Deal

Parker-Hannifin Corporation (NYSE:PH) is one of the best industrial machinery stocks to buy according to analysts. Parker-Hannifin Corporation (NYSE:PH) announced on June 30 that it had reached an agreement to acquire Curtis Instruments, Inc. from Rehlko for roughly $1 billion in cash with the aim of increasing its electrification capabilities.

Curtis Instruments develops and manufactures instrumentation, power conversion, motor speed controllers, and input devices that facilitate Parker’s electrification technologies and electric vehicle motors. By using its business system, The Win Strategy, Parker-Hannifin Corporation (NYSE:PH) expects to achieve operational synergies.

Separately, Parker-Hannifin Corporation (NYSE:PH) recently announced its first-quarter 2025 earnings, which slightly missed forecasts at $4.96 billion in revenue yet beat analysts’ expectations with adjusted earnings per share of $6.94. The company showed resilience in spite of the revenue miss, as seen by a noteworthy 9.4% growth in net income and a 7% gain in adjusted EPS.

Parker-Hannifin Corporation (NYSE:PH) is a multinational manufacturer that specializes in motion and control technologies. The company serves the industrial, mobile, and aerospace industries.

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