Parker Hannifin acquires Micro Thermo Technologies

On August 24, 2010, Parker Hannifin Corporation (NYSE: PH) announced that it had acquired Micro Thermo Technologies of Quebec, Canada from Carrier Corporation.

With annual sales of $10 billion in fiscal year 2010, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. Micro Thermo Technologies is a leading manufacturer of refrigeration controls and energy management systems for supermarket applications.

Parker Hannifin was represented by Todd M. Burger (Senior Counsel), and was assisted by Fasken Martineau with a team comprised of Louis Séguin and Caitlin Rose (corporate), Richard Lacoursière (employment), Jean-Philippe Mikus (intellectual property) and Paul Cabana (tax).