May 21 (Reuters) – U.S. investment firm KKR said on Thursday it would sell aerospace and defense company Circor to motion control products maker Parker-Hannifin for $2.55 billion.
Circor, which makes components for commercial and military aircraft, missile systems and naval vessels, is expected to strengthen Parker-Hannifin’s presence in high-margin aerospace systems.
The deal is projected to close in the second half of 2026. KKR said it will maintain ownership of the company’s naval and industrial businesses.
(Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Shreya Biswas)
