Parker Hannifin signs agreement to acquire Hauser Elektronik GmbH.CLEVELAND--(BUSINESS WIRE)--December 16, 1994--Parker Hannifin Corporation (PH-NYSE) announced today that it has signed an agreement to acquire Hauser Elektronik GmbH, a producer of automation components and systems based in Offenburg, Germany, for cash. The acquisition is expected to be completed by the end of calendar year 1994. Hauser's four principal product lines include electronic multi-axis servo controls, mechanical actuators for linear and rotational motion Rotational motion The motion of a rigid body which takes place in such a way that all of its particles move in circles about an axis with a common angular velocity; also, the rotation of a particle about a fixed point in space. , handling and manufacturing automation systems, and automation support systems for textile processing  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . . The company had sales of more than $27 million last year and has 230 employees. Richard F. Ferrel, President of Parker Applied Technologies Operations, said, "Hauser manufactures quality products which fit admirably with Parker's, complementing our Compumotor, Digiplan, Daedal, and Automation Actuator A mechanism that causes a device to be turned on or off, adjusted or moved. The motor and mechanism that moves the head assembly on a disk drive or an arm of a robot is called an actuator. See access arm. lines. Hauser serves international markets for factory automation, general assembly, packaging and food, and textiles; manufacturing in Offenburg and Inman, S.C. It has strong sales channels in Germany and elsewhere in Europe." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ferrel, Josef Hauser Josef Hauser (born March 10, 1910 - died August 10, 1981) was a German water polo player who competed in the 1936 Summer Olympics. He was part of the German team which won the silver medal. He played all seven matches. External links
Parker Hannifin Parker Hannifin Corporation (originally Parker Appliance Company) NYSE: PH, of Cleveland, Ohio, is a manufacturer of motion and control technologies. Founded in 1924, the company has been publicly traded on the NYSE since December 9, 1964. is a $2.58 billion worldwide producer of motion-control components and systems for a wide range of industrial, automotive and aerospace markets. CONTACT: Parker Hannifin Corp., Cleveland
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