"This transaction strengthens Parker's automation business capabilities to better serve the Japanese marketplace," said Roger Sherrard, president of Parker's Automation Group. "The deepening relationship between Parker and Kuroda will provide a strong platform for growth in the region and build on our proven record of delivering customer value. This partnership also supports our longer term commitment to accelerating the company's growth in the Asia Pacific region overall."
"Parker is an ideal organization to help grow the Kuroda Pneumatics business throughout the region," said Tetsuya Maeda, president of Kuroda Precision Industries. "Their global sales team and distribution network are key strategic advantages that will aid in our continued success."
