News & Features

Parker SSD Drives Strengthens Commitment to Quality.

Charlotte, NC, March 1, 2008 - SSD Drives Division of Parker Hannifin Corporation is pleased to announce that its Charlotte, NC facility has received ISO9001:2000 certification. The ISO 9001:2000 standard, published by the International Organization for Standardization, represents an international consensus on good quality management practices, and provides a set of standards and guidelines for a quality management system.
“ Achieving our goal of ISO9001:2000 certification not only benefits our business, but shows our commitment to our customers in the quality of products and service we provide”, said Mario Sainz, Quality Assurance Manager at SSD Drives.

Parker Hannifin Broadens Automation Offering with Acquisition of SSD Drives

* Companies Bring Complementary Technologies

* Combination Strengthens Parker's Global Position In Industrial  Electromechanical Technology

CLEVELAND, Aug 09, 2005 /PRNewswire-FirstCall via COMTEX/ -- Parker Hannifin Corporation (NYSE: PH) and SSD Drives Holding Limited today jointly announced that Parker has acquired SSD (formerly Eurotherm Drives) from the private equity firm Compass Partners International Limited for an undisclosed amount. SSD Drives had fiscal 2005 annual revenues of $165 million, with approximately 60 percent of its business in Europe. The acquisition is expected to be accretive to earnings within the first full year of integration.

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