Mayfield Heights-based Parker, a maker of motion and control technologies, announced Tuesday, Sept. 13, that it closed the acquisition of Meggitt for about £6.3 billion, or about $7.4 billion in U.S. dollars. It took more than a year to bring the deal to a conclusion.
Business Secretary Kwasi Kwarteng announced approval of the deal following review of advice from the U.K. Ministry of Defence and the Competition and Markets Authority. Mayfield Heights-based Parker expects the Meggitt deal to close in the third quarter.
Business Secretary Kwasi Kwarteng on Tuesday, July 19, announced approval of the deal following review of advice from the U.K. Ministry of Defence and the Competition and Markets Authority. Mayfield Heights-based Parker expects the Meggitt deal to close in the third quarter.
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