CLEVELAND, April 11/ PRNewswire-FirstCall/–
Parker Hannifin Corporation and MTS Systems Corporation today announced that Parker has acquired MTS Automation for an undisclosed amount. Upon integration, Parker said it expects the addition to be accretive to earnings.
Founded in 1991 as Custom Servo Motors in New Ulm, MN, the MTS Automation Division has annual revenues of approximately $25 million and produces a comprehensive line of innovative brushless motors, analog and digital amplifiers, digital and servo controllers, and linear motors. With its primary manufacturing in Minnesota, the division’s strength is to provide customized automation solutions to orignial equipment manufacturers. As part of Parker’s Automation Group, the MTS operations will become part of Parker’s Compumotor Division based in Rohnert Park, California.
Parker Automation markets a wide range of products for motion-control, robotic and electromechanical applications, including controllers, servo and stepper drives, servo motors, CTC human-machine interfaces (HMI) and PC-based machine control produced by its Compumotor Divison.