It was founded in 1917 in Ohio, USA.
 
- Company Nature: It is a Fortune 250 company and a multinational corporation headquartered in Ohio, USA. Its stock is an indicator stock of the S&P 500.
 
- Number of Employees and Business Scope: It operates in 44 countries and regions worldwide, with approximately 62,500 employees. It serves customers in more than 100 countries and regions through more than 16,900 authorized distributors and dealerships.
 
Development History
 
- Early Stage: In 1917, Arthur Parker and Carl Klamm founded Parker, originally named Parker Appliance Company. In the early days, it mainly manufactured pneumatic braking systems for trucks, trains, buses, and industrial machinery, as well as leak - free fittings for aviation pioneers.
 
- Important Acquisitions: It acquired Snap - Tite in 2012. In 2022, it acquired the British engineering company Meggitt for $8.65 billion.
 
Business Areas
 
- Hydraulics: It provides comprehensive hydraulic systems for mobile and industrial hydraulics, including power units, hydraulic pumps, hydraulic motors, etc. Its main customers in China include Sany Heavy Industry and Liugong.
 
- Pneumatics: It offers various pneumatic components and systems, such as cylinders, valves, air source treatment components, etc., to meet the needs of industrial automation and other fields.
 
- Filtration: It covers hydraulic filtration, gas filtration, and special filtration. Its RACOR engine filters hold an important position in the automotive and marine engine markets.
 
- Sealing: It ranks first in the global O - ring sales with a market share of 65%. Its products have comprehensive material certifications and are applied in many industries such as automotive, food, and petroleum.
 
- Aerospace: It designs and manufactures components and systems for hydraulic, fuel, flight control, etc. for the aerospace and other high - tech markets. For example, it provides fuel, tank inerting, and hydraulic systems for the C919.