Offshore Marine Laboratories News

Parker Hannifin Corporation(NYSE: PH), provider of motion and control technology, announced that it has acquired Aqua Pro, Inc. a manufacturer of reverse osmosis("RO") filtration systems for military, commercial and pleasure marine applications. Aqua Pro sales for fiscal 2008 were $33m. The acquisition is expected to be accretive to earnings within its first year following acquisition and its results will be reported as a component of Parker's Industrial North America segment. Terms of the acquisition were not disclosed. With manufacturing centers in Gardena and San Fernando, California, Aqua Pro does business as Village Marine Tec and Offshore Marine Laboratories. Sales and service locations are located in California, Florida, Hawaii, Virginia, and Washington.