PARKER HANNIFIN CORP Overview
Company Headquarters: US
Founded: 1918
Workforce: ~459,000
Company Working: Parker-Hannifin Corporation offers precision-engineered solutions and manufactures motion and control technologies and systems for the mobile, industrial, and aerospace markets. The company also produces fluid purification, fluid and fuel control, process instrumentation, air conditioning, refrigeration, electromagnetic shielding, and thermal management products and systems. The company operates through its manufacturing, service, sales, distribution, and administrative facilities across the US and in other 49 countries worldwide.
Parker-Hannifin Corporation operates through two business segments, which are diversified industrial and aerospace systems. The diversified industrial segment manufactures motion-control and fluid power system components for applications in manufacturing, agricultural, construction, packaging, processing, transportation, and military vehicles and equipment. The segment's products are marketed primarily through field sales employees and independent distributors. The diversified industrial segment has manufacturing plants and distribution networks throughout the US, Canada, and Mexico. The diversified industrial international operations sub-segment offers the company’s products and services in countries across Europe, Asia-Pacific, Latin America, the Middle East, and Africa. The aerospace systems segment produces hydraulic, fuel, pneumatic, and electromechanical systems and components, which are utilized in virtually every domestic commercial, military, and general aviation aircraft and perform a vital role in naval vessels and land-based weapons systems. The segment provides equipment maintenance, repair, and overhaul services to customers worldwide. The products included under the aerospace systems segment are marketed by field sales employees and are sold directly to manufacturers and end users. The company sells its products as original and replacement equipment through its sales and distribution centers worldwide.
