Acquisition boosts shielding and thermal expertise

Parker Hannifin has acquired French EMI shielding and thermal management specialist Acofab, and will integrate the company within its Chomerics Division.

Parker Hannifin Corp, parent company of Chomerics Europe, has announced the acquisition of Acofab and its common majority shareholder Adecem, a leading European supplier of electromagnetic interference (EMI) shielding and thermal management products.

Revenues of the acquired business totalled approximately US $12.9 million (Eur 10.2 million) for the year ended December 2005.

Earnings are expected to be accretive to Parker in first full year.

Terms of the deal were not disclosed.

Located in the Vert-Galant industrial area of Saint-Ouen l'Aumone (Val d'Oise) outside of Paris, Acofab employs 64 people in the production of highly engineered EMI shielding gaskets and accessories, conductive thermoplastics, thermal management materials, HF absorbers, dielectric materials and sealing gaskets.

Major markets for the company include telecom, military and consumer electronics.

Acofab will be integrated into Parker's Chomerics Division, a unit of the company's global Seal Group.

"The value added solutions, technical expertise and strong customer relationships provided by Acofab have enabled them to develop a reputation as specialists in EMI shielding and thermal management in their focused markets", said Heinz Droxner, President of Parker's Seal Group.

"This acquisition will enable Parker to better serve the needs of our European based customers and the ever expanding global electronics market".

Back to top