UPDATE 1-Parker-Hannifin to acquire KKR-owned Circor for $2.55 billion

KKR & Co
Parker-Hannifin Corporation
AAR CORP.
Boeing Company

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Parker-Hannifin Corporation

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AAR CORP.

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Adds details from the release in para 2 and 3

May 21 (Reuters) - U.S. investment firm KKR KKR.N said on Thursday it would sell aerospace and defense company Circor to motion control products maker Parker-Hannifin PH.N for $2.55 billion.

Circor, which makes components for commercial and military aircraft, missile systems and naval vessels, is expected to strengthen Parker-Hannifin's presence in high-margin aerospace systems.

The deal is projected to close in the second half of 2026. KKR said it will maintain ownership of the company's naval and industrial businesses.


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