Porter Instrument Company, Inc., a designer and manufacturer of precision flow instrumentation, has been acquired by Parker Hannifin (NYSE:PH). Based in Hatfield, Pennsylvania, Porter is a global leader in high accuracy instruments that measure and control gases and liquids in the industrial, analytical, medical and dental markets. Porter’s products include mechanical and electronic flow meters, control valves, regulators, pressure controllers and complete flow delivery systems for liquids and gases. Porter will become an operating division of the Parker Hannifin Instrumentation Group.
Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets.
Terms of the transaction were not disclosed. Philpott Ball & Werner served as advisor to Porter.
