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INDUSTRIAL | Machinery & Equipment / Robotics
parker.com

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Investments

3

Portfolio Exits

3

Partners & Customers

10

About Parker Hannifin

Parker Hannifin (NYSE: PH) is an American corporation specializing in motion and control technologies.

Parker Hannifin Headquarter Location

6035 Parkland Boulevard

Cleveland, Ohio, 44124,

United States

216-896-3000

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Expert Collections containing Parker Hannifin

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Parker Hannifin in 2 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

M

Medical Devices

3,272 items

Medical Device New Products & Services Tech MM (August 2021)

Parker Hannifin Web Traffic

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Latest Parker Hannifin News

Aircraft Wheels Market Valuation to Outstrip $2.76Bn by 2028 Growth Projection at 7.2% CAGR During 2021 to 2028 COVID Impact and Global Analysis by TheInsightPartners.com

Sep 23, 2021

New York, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Aircraft Wheels Market: Key Insights According to our new research study on “Aircraft Wheels Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Aircraft Type, Fit Type, End-User, and Geography,” The global Aircraft Wheels Market is expected to grow from US$ 1,704.25 million in 2021 to US$ 2,769.54 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. Aircraft Wheels Market: Competitive Landscape and Key Developments Raytheon Technologies Corporation, Meggitt Plc, Honeywell International Inc., Parker Hannifin Corporation, Safran, Beringer Aero Usa, Lufthansa Technik, Tae Aerospace, and Matco Manufacturing Inc are among the key players profiled in the study of the aircraft wheels market. The companies mentioned above are collectively holding a significant share in the market. In April 2021, Honeywell and GKN Aerospace’s Fokker Landing Gear business in the Netherlands signed a license and parts supply agreement for an authorized service center for Honeywell’s wheels and brakes on the F-35 military fighter jet. Get Exclusive Sample Pages of Aircraft Wheels Market - COVID-19 Impact and Global Analysis with Strategic Insights at https://www.theinsightpartners.com/sample/TIPRE00021704/ The demand for aircraft is rising across the world, owing to the rapidly growing airline industry in the developing economies because of the continuously increasing demand for passenger airline services. In addition, the aviation industry is undergoing expansion at a rapid pace, recording significant production volumes and deliveries of aircraft (commercial and military) fleets. Specifically, the commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, there is a surge in commercial aviation, owing to the mounting number of air travel passengers and aircraft procurements. This surge in aircraft production is boosting the demand for aircraft wheels. The production volumes of aircraft are continuously rising to bridge the gap between their demand and supply. For instance, Boeing and Airbus received new aircraft orders of 1,008 and 831 in 2018 and 2019, respectively, and delivered 806 and 800 aircraft in the respective years. However, in 2020, the number of aircraft orders and deliveries dipped due to the COVID-19 outbreak. On the other side, with the huge backlogs of aircraft delivery and with the fresh receiving orders, the market is expected to pull back its growth in the post-pandemic era. Furthermore, the demand for line fit wheels is growing with the rising production of aircraft as the main landing gear system consists of multiple wheels. The global aircraft wheels market is segmented into five major regions North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2020, North America led the market with a 35.7% revenue share. The region comprises a significantly large number of aircraft (commercial, military, and general aviation) manufacturers and major aircraft maintenance, repairing, and overhauling (MRO) services providers. The presence of both in the region, especially in the US, boosts the growth of the aircraft wheels market in the region. In the pre-COVID-19 pandemic period, the aircraft manufacturers in North America were experiencing large volumes of orders, which generated a huge requirement for aircraft wheels. In addition, the region houses some of the major airline operators, which is propelling the demand for aircraft wheels, owing to new aircraft orders and retrofits of wheels in operating aircraft by MRO services. Thus, the above-mentioned factors are driving the North America aircraft wheels market and maintaining its dominance among all other regions. Download Sample PDF Brochure of Aircraft Wheels Market Growth Research Report at https://www.theinsightpartners.com/sample/TIPRE00021704/ Presently, the majority of helicopter wheels are made of metallic light-alloy materials, such as aluminum or magnesium. However, wheels made of carbon-fiber-reinforced plastic (CFRP) are ~30–40% less in weight than aluminum or magnesium alloy wheels. CFRP wheels are expected to offer improved corrosion resistance and noise, vibration, and harshness (NVH) performance. Also, these wheels are stiffer with improved fatigue life, which extends their life. Manufacturers have already initiated the designing of CFRP-based wheels for rotary wing aircraft. For instance, in January 2021, Carbon ThreeSixty, a UK-based aircraft wheels manufacturing company, began to develop CFRP-based wheels for rotary wing aircraft. The company is expected to complete the wheel designing in the next 18 months. These composite wheels will also be interchangeable with existing wheels to make them suitable for retrofit applications. Hence, with the introduction of carbon-fiber-reinforced plastic-based wheels in rotary wing aircraft, the market is expected to flourish further in the coming years with an opportunity to penetrate the rotary wing aircraft wheels. Aircraft Wheels Market: Type Overview Based on type, the aircraft wheels market has been segmented into main wheel and nose wheel. Aircraft wheels are one of the important components of an aircraft landing gear system as they provide necessary structural strength and support to aircraft in landing and takeoffs and during aircraft taxing. The modern aircraft wheels are being produced through the forging and casting process to provide maximum strength to the wheels. Aircraft Wheels Market: Aircraft Type Overview Based on aircraft type, the aircraft wheels market has been segmented into fixed wing aircraft, rotary wing aircraft, and unmanned aerial vehicle (UAV). The fixed wing aircraft wheels market segment comprises cargo planes, passenger aircraft, military aircraft, private jets, training aircraft, and others. The fixed wing type aircraft type segment holds a notable amount of the market share as fixed wing aircraft are widely used for commercial applications globally. Rising demand for passenger airlines, coupled with increasing air transportation services for goods, is augmenting the application of fixed wing aircraft types. In addition to this, the rising number of aviation institutes and business class people is proliferating the demand for training aircraft and private jets. Order a Copy of Aircraft Wheels Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00021704/ Aircraft Wheels Market: Fit Type Overview Based on fit type, the aircraft wheels market is segmented into line fit and retrofit. The aircraft components are fit in two different ways. Line fit components are performed by original equipment manufacturers (OEMs) whereas retrofit is done by maintenance, repairing, and overhauling (MRO) service providers. The retrofit segment is expected to gain the majority of market share during the forecast period, owing to the increasing size of aircraft fleets among major airline operators globally. Aircraft Wheels Market: End-User Overview Based on end-user, the aircraft wheels market is segmented into commercial and military. The commercial segment is anticipated to gain a notable market share of the aircraft wheels market. On other hand, the military segment is expected to grow at a decent rate in upcoming years, owing to the rising procurement of military aircraft globally. Browse Related Reports: Aircraft Wheel Scanning System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software); System (Laser 3D Scanner, Structured Light 3D Scanner, Others); Aircraft Type (Fixed-wing Aircraft, Rotary-wing Aircraft) and Geography Aircraft Wheels and Brakes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Braking System, Wheels, and Brakes), Fit Type (Line Fit and Retro Fit), and End User (Defense and Commercial) and Geography Aircraft Wheels MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wheel Type (Nose Wheel, Main Wheel); Aircraft Type (Narrowbody Aircraft, Widebody Aircraft, General Aviation Aircraft, Military Aircraft, Helicopter); Technology (Inspection, Non-destructive Testing, Machining, Others) and Geography Aircraft Battery Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Battery Type (Lithium-Ion Battery, Lead-Acid Battery, Nickel-Cadmium Battery, and Others); Aircraft Type (Military Aviation, and Civil Aviation); Technology (Traditional Aircraft, Electric Aircraft, and Hybrid Aircraft); Sales Channel (Aftermarket and OEMs) Aircraft Lightning Detection Systems Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Equipment (Lightning Sensor, Lightning Processor, Lightning Display); Aircraft Type (Fixed-Wing, Rotary-Wing); Fit (Linefit, Retrofit); End-User (Defense, Commercial) and Geography Aircraft Video Surveillance Market Forecast to 2027 - COVID-19 Impact and Global Analysis By System Type (Cockpit Door Surveillance System, Cabin Surveillance System, and Environmental Camera System), Fit Type (Retrofit and Line Fit), and Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft) Aircraft Tachometer Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Digital Type, and Analog Type); Measurement Technique (Frequency Measurement, and Time Measurement); Application (Military Aviation, and Civil Aviation) About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi

Parker Hannifin Investments

3 Investments

Parker Hannifin has made 3 investments. Their latest investment was in Exosite as part of their Corporate Minority on July 7, 2015.

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Parker Hannifin Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/22/2015

Corporate Minority

Exosite

Yes

1

6/13/2007

Series B

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$99M

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10

6/17/2005

Series B

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$99M

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10

Date

7/22/2015

6/13/2007

6/17/2005

Round

Corporate Minority

Series B

Series B

Company

Exosite

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Amount

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

Parker Hannifin Portfolio Exits

3 Portfolio Exits

Parker Hannifin has 3 portfolio exits. Their latest portfolio exit was Parker Hannifin - Energy Grid Tie on December 04, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/4/2018

Divestiture

3

00/00/0000

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$991

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10

00/00/0000

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10

Date

12/4/2018

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

Acquirer

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Sources

3

10

10

Parker Hannifin Acquisitions

14 Acquisitions

Parker Hannifin acquired 14 companies. Their latest acquisition was Meggitt on August 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/2/2021

$991

Acq - Pending

5

7/29/2019

$991

Acquired

4

4/29/2019

$991

Acquired

1

2/1/2017

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$99M

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10

12/2/2016

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$99M

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10

Date

8/2/2021

7/29/2019

4/29/2019

2/1/2017

12/2/2016

Investment Stage

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

Note

Acq - Pending

Acquired

Acquired

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Sources

5

4

1

10

10

Parker Hannifin Partners & Customers

10 Partners and customers

Parker Hannifin has 10 strategic partners and customers. Parker Hannifin recently partnered with Sensata Technologies on August 8, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

8/29/2019

Partner

Sensata Technologies

United States

1

7/16/2018

Partner

GKN Wheels Carpenedolo

Italy

Parker Aerospace and GKN Aerospace Sign Technology Development Agreement for Integrated Engine Thermal Management Technologies

`` Parker Aerospace is proud to bring its macrolamination pedigree from decades of fuel spray nozzle development , in collaboration with GKN engine design and testing capabilities , '' said Director of Business Development Shawn Isham from Parker 's Gas Turbine Fuel Systems Division .

1

10/12/2017

Partner

Piaggio Aerospace

Italy

Parker and Piaggio Aerospace Well Ahead in the Qualification Tests of the New Brakes for the Avanti

Piaggio Aerospace Chief Executive Officer Renato Vaghi said , `` A partnership with an internationaland innovative manufacturer such as Parker responds to our positioning plansfor our Avanti 180 at a global level and will meet our customers ' demands ina highly competitive industry , in particular in the US , which represents a strategicmarket for us . ''

1

9/19/2017

Vendor

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10

9/19/2017

Vendor

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10

Date

8/29/2019

7/16/2018

10/12/2017

9/19/2017

9/19/2017

Type

Partner

Partner

Partner

Vendor

Vendor

Business Partner

Sensata Technologies

GKN Wheels Carpenedolo

Piaggio Aerospace

Country

United States

Italy

Italy

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News Snippet

Parker Aerospace and GKN Aerospace Sign Technology Development Agreement for Integrated Engine Thermal Management Technologies

`` Parker Aerospace is proud to bring its macrolamination pedigree from decades of fuel spray nozzle development , in collaboration with GKN engine design and testing capabilities , '' said Director of Business Development Shawn Isham from Parker 's Gas Turbine Fuel Systems Division .

Parker and Piaggio Aerospace Well Ahead in the Qualification Tests of the New Brakes for the Avanti

Piaggio Aerospace Chief Executive Officer Renato Vaghi said , `` A partnership with an internationaland innovative manufacturer such as Parker responds to our positioning plansfor our Avanti 180 at a global level and will meet our customers ' demands ina highly competitive industry , in particular in the US , which represents a strategicmarket for us . ''

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Sources

1

1

1

10

10

Parker Hannifin Team

7 Team Members

Parker Hannifin has 7 team members, including former President, Keith White.

Name

Work History

Title

Status

Keith White

GE Security, GE Global Research, General Electric, U.S. Navy, GE Aviation, and Kiewit

President

Former

Douglas Workman

President

Former

Dennis Niven

Chief Financial Officer

Former

Andrea Picello

Chief Financial Officer

Former

Björn Mortsiefer

Controller

Former

Name

Keith White

Douglas Workman

Dennis Niven

Andrea Picello

Björn Mortsiefer

Work History

GE Security, GE Global Research, General Electric, U.S. Navy, GE Aviation, and Kiewit

Title

President

President

Chief Financial Officer

Chief Financial Officer

Controller

Status

Former

Former

Former

Former

Former

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