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Revvity(RVTY) - 2025 FY - Earnings Call Transcript
2025-09-03 13:02
Revvity (RVTY) FY 2025 Conference September 03, 2025 08:00 AM ET Company ParticipantsBrandon Couillard - Managing DirectorMax Krakowiak - SVP & CFOBrandon CouillardAll right. Good morning. Thanks, everybody, for joining us. Welcome to the Wells Fargo Health Care Conference. I'm Brandon Couillard, covering the life science tools and diagnostics space here at the firm. Thrilled to have Revvity back with us at the opening presentation this year and joining us from the company, CFO Maxwell Krakowiak.Max Krakowi ...
Parker to Acquire Curtis Instruments, Expanding Electrification Offering
Globenewswire· 2025-06-30 13:00
Core Viewpoint - Parker Hannifin Corporation has agreed to acquire Curtis Instruments, Inc. for approximately $1 billion in cash, enhancing its capabilities in electric vehicle technologies and positioning itself for future growth in electrification [1][3]. Company Overview - Parker Hannifin is a global leader in motion and control technologies, recognized for its long-standing commitment to innovation and shareholder value, having increased its annual dividend for 69 consecutive years [6]. Acquisition Details - The acquisition of Curtis Instruments is expected to close by the end of calendar year 2025, pending regulatory approvals [1]. - Curtis is projected to generate sales of approximately $320 million in calendar year 2025, providing a significant addition to Parker's revenue stream [2]. Strategic Alignment - The acquisition aligns with the long-term trend towards electrification, enhancing Parker's existing industrial electrification platform and enabling better service to customers adopting electric and hybrid solutions [3][8]. - The deal is expected to create operational synergies through Parker's proven business system, The Win Strategy™, which aims to deliver strong shareholder value [3]. Market Positioning - Curtis Instruments designs and manufactures products that complement Parker's strengths in electric vehicle motors and hydraulic technologies, thereby enhancing Parker's electrification capabilities [2][8]. - The acquisition is viewed positively by both Rehlko and its financial sponsor, Platinum Equity, who believe that Curtis will thrive under Parker's scale and investment focus [4].