CLEVELAND (Oct. 31, 2008)—Parker Hannifin Corp. has acquired Malaysian firm EmiTherm Sdn. Bhd., a manufacturer and fabricator of electromagnetic interference shielding and thermal management products, the company announced.
Terms of the transaction weren't disclosed, but EmiTherm posted revenues of about $4.2 million in 2007. Earnings are expected to be accretive to Cleveland-based Parker in the first full year and will be reported within the Industrial International segment.
Kuala Lumpur-based EmiTherm will be integrated into the Chomerics Asia-Pacific Division, a unit of Parker's global Seal Group. EmiTherm enjoys a strategic footprint in Malaysia, enabling Parker to effectively serve customers throughout the Asian region, said Heinz Droxner, Seal Group president.
EmiTherm manufactures EMI shielding materials such as dispensed form-in-place, molded and extruded conductive gaskets, and is a converter of thermal materials, serving electronics manufacturers throughout the region.
The acquisition provides EmiTherm customers, employees and business partners with the benefits of a world class company with resources committed to providing innovative EMI shielding and thermal material solutions in its many markets, said EmiTherm founder Roger Chua.