Parker Hannifin to Purchase Curtis Instruments from Rehlko

Rehlko, a global player in energy resilience, announced today that it has reached a definitive agreement to transition ownership of its Curtis Instruments business to Parker Hannifin Corporation, the motion and control technologies company, for approximately $1 billion in cash. The transaction, which is expected to close by the end of calendar year 2025, reflects Rehlko's strategic focus on strengthening its core enterprise capabilities and commitment to delivering industry-leading energy resilience solutions for our customers.

“Rehlko is proud of the legacy and performance of Curtis as a high-performing, innovation-driven business,” said Brian Melka, President and Chief Executive Officer of Rehlko. “Parker is an exceptional company and we are confident Curtis will thrive from Parker’s increased scale, focus, and investment.”

The move positions both Rehlko and Curtis to pursue independent growth strategies, focused on accelerating innovation and expanding customer impact. Rehlko was acquired by Platinum Equity in 2024.

“This transaction is aligned with the long-term electrification secular trend and meets our disciplined financial criteria for acquisitions designed to create shareholder value,” said Jenny Parmentier, Chairman and Chief Executive Officer of Parker. “Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions. Rehlko and Platinum Equity have been good stewards of the business and great partners throughout this process. We anticipate a smooth closing and look forward to welcoming the Curtis team.”

Until the transaction closes, Curtis will continue to operate as part of Rehlko, with both companies focused on delivering the same high-quality products, services, and support that have defined their market-leading positions for over six decades.