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Parker Hannifin Acquires Bayside Controls
CLEVELAND -- Parker Hannifin Corp. has acquired Bayside Controls Inc., a manufacturer of integrated solutions for industrial and precision automation applications, Parker officials announced recently. Terms of the deal were not disclosed.Bayside will be integrated with Parker Automation Group's Electromechanical Automation Division. The acquisition is expected to be accretive to earnings in calendar year 2005.Headquartered in Port Washington, N.Y., Bayside has annual revenues of approximately $25 million. The company employs 139 and has operations in the United States, Germany and Singapore.With a broad technology base across mechanical and electrical disciplines, Bayside Controls is a unique manufacturer providing electromechanical automation subsystems that combine servo motors and controls, geared drives, linear positioning systems and integrating software for customers in the semiconductor, electronics, automotive, medical, machine tool and telecommunications industries. Bayside supports customers in more than 80 countries, according to Roger Sherrard, Automation Group president at Parker."Parker's acquisition of Bayside expands our product breadth in electromechanical automation and gives us a leading market position," he said. "We are particularly pleased to add Bayside's sophisticated gearhead and systems engineering expertise to our strong rotary and linear motion technology." Parker Automation's Electromechanical Automation division manufactures a complete line of motion control products. Parker also manufactures, sells and markets other products generally used in applications involving motion control, robotics and automation, Sherrard said.Parker Hannifin Corp., with annual sales exceeding $7 billion, employs more than 48,000 in 46 countries.Visit Parker Hannifin Corp.: www.parker.com"