10:55 AM EST, 11/11/2025 (MT Newswires) -- Parker Hannifin ( PH ) said Tuesday that it agreed to acquire privately held filtration solutions provider Filtration Group in a $9.25 billion cash deal that is expected to expand Parker's filtration offering and aftermarket business.

The purchase consideration is on a cash-free and debt-free basis, Parker Hannifin ( PH ), which offers motion and control technologies, said.

Filtration Group said in a separate statement that the deal excludes its facet business, which is expected to remain with the company's affiliate Madison Industries.

The transaction, which requires approval from regulators, is expected to complete within six to 12 months, according to Parker Hannifin ( PH ).

"This strategic transaction continues our investment in high quality businesses that continue to transform our portfolio, accelerate sales growth and improve profitability," Parker Chief Executive Jenny Parmentier said. "We see clear opportunities to deliver strong cost synergies, compound earnings per share growth and create shareholder value."

Filtration Group, which has about 7,500 team members, expects to generate $2 billion in sales for the 2025 calendar year, Parker Hannifin ( PH ) said. About 85% of Filtration Group's sales are generated in the aftermarket, which Parker Hannifin ( PH ) anticipates will increase its filtration aftermarket revenue by 500 basis points.

Parker Hannifin ( PH ) projects the deal to be accretive to its adjusted earnings on a per-share basis and organic growth. It estimates pretax cost synergies of roughly $220 million by the end of the third year after the transaction completes.

"We are confident Filtration Group will benefit from Parker's increased scale, technical knowledge and disciplined approach to driving growth and operational excellence," Filtration Group CEO Jon Pratt said.

Shares of Parker Hannifin ( PH ) rose 1.3% in Tuesday trade. The stock has gained 34% so far this year.

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