Nov 10 (Reuters) - Industrial and aerospace equipment

maker Parker-Hannifin ( PH ) is in talks to buy Filtration Group

from Madison Industries in a deal valued at about $9 billion,

including debt, Bloomberg News reported on Monday, citing people

familiar with the matter.

A deal could be announced as soon as this week, though

no final agreement has been reached yet, the report said. The

timing remains uncertain and another potential bidder could

still emerge, it added.

Parker-Hannifin ( PH ) and Madison Industries did not immediately

respond to a Reuters request for comment.

Filtration Group, which makes filters for industrial and

automotive uses, as well as for heating and cooling systems,

employs a global workforce of more than 7,000 people worldwide.

Its parent company, Madison Industries,

said in September

that it was exploring a sale of the business.