UK Secretary of State at the Department of Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng has directed the Competition and Markets Authority (CMA) to assess whether Parker Hannifin Corporation's proposed acquisition of Meggitt raises national security concerns, the department announced on 18 October.

The CMA will have until 18 March 2022 to finish its work and report its findings to Kwarteng, the BEIS said. While Kwarteng did not say what national security concerns might exist, Parker is headquartered in the United States and Meggitt is based in the United Kingdom.

Parker said in a statement that it looks forward to “engaging” with the UK government and “bringing the review of the transaction to a satisfactory conclusion”. It continues to expect to close the deal in the third quarter of 2022.

Parker has proposed paying GBP6.3 billion (USD8.7 billion) for Meggitt, saying the two aerospace suppliers could better serve their customers by combining their complementary portfolios. Both companies make motion and control systems.

UK Secretary of State at the Department of Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng has directed the Competition and Markets Authority (CMA) to assess whether Parker Hannifin Corporation's proposed acquisition of Meggitt raises national security concerns, the department announced on 18 October.

The CMA will have until 18 March 2022 to finish its work and report its findings to Kwarteng, the BEIS said. While Kwarteng did not say what national security concerns might exist, Parker is headquartered in the United States and Meggitt is based in the United Kingdom.

Parker said in a statement that it looks forward to “engaging” with the UK government and “bringing the review of the transaction to a satisfactory conclusion”. It continues to expect to close the deal in the third quarter of 2022.

Parker has proposed paying GBP6.3 billion (USD8.7 billion) for Meggitt, saying the two aerospace suppliers could better serve their customers by combining their complementary portfolios. Both companies make motion and control systems.

UK Secretary of State at the Department of Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng has directed the Competition and Markets Authority (CMA) to assess whether Parker Hannifin Corporation's proposed acquisition of Meggitt raises national security concerns, the department announced on 18 October.

The CMA will have until 18 March 2022 to finish its work and report its findings to Kwarteng, the BEIS said. While Kwarteng did not say what national security concerns might exist, Parker is headquartered in the United States and Meggitt is based in the United Kingdom.

Parker said in a statement that it looks forward to “engaging” with the UK government and “bringing the review of the transaction to a satisfactory conclusion”. It continues to expect to close the deal in the third quarter of 2022.

Parker has proposed paying GBP6.3 billion (USD8.7 billion) for Meggitt, saying the two aerospace suppliers could better serve their customers by combining their complementary portfolios. Both companies make motion and control systems.

UK Secretary of State at the Department of Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng has directed the Competition and Markets Authority (CMA) to assess whether Parker Hannifin Corporation's proposed acquisition of Meggitt raises national security concerns, the department announced on 18 October.

The CMA will have until 18 March 2022 to finish its work and report its findings to Kwarteng, the BEIS said. While Kwarteng did not say what national security concerns might exist, Parker is headquartered in the United States and Meggitt is based in the United Kingdom.

Parker said in a statement that it looks forward to “engaging” with the UK government and “bringing the review of the transaction to a satisfactory conclusion”. It continues to expect to close the deal in the third quarter of 2022.

Parker has proposed paying GBP6.3 billion (USD8.7 billion) for Meggitt, saying the two aerospace suppliers could better serve their customers by combining their complementary portfolios. Both companies make motion and control systems.

UK Secretary of State at the Department of Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng has directed the Competition and Markets Authority (CMA) to assess whether Parker Hannifin Corporation's proposed acquisition of Meggitt raises national security concerns, the department announced on 18 October.

The CMA will have until 18 March 2022 to finish its work and report its findings to Kwarteng, the BEIS said. While Kwarteng did not say what national security concerns might exist, Parker is headquartered in the United States and Meggitt is based in the United Kingdom.

Parker said in a statement that it looks forward to “engaging” with the UK government and “bringing the review of the transaction to a satisfactory conclusion”. It continues to expect to close the deal in the third quarter of 2022.

Parker has proposed paying GBP6.3 billion (USD8.7 billion) for Meggitt, saying the two aerospace suppliers could better serve their customers by combining their complementary portfolios. Both companies make motion and control systems.

UK Secretary of State at the Department of Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng has directed the Competition and Markets Authority (CMA) to assess whether Parker Hannifin Corporation's proposed acquisition of Meggitt raises national security concerns, the department announced on 18 October.

The CMA will have until 18 March 2022 to finish its work and report its findings to Kwarteng, the BEIS said. While Kwarteng did not say what national security concerns might exist, Parker is headquartered in the United States and Meggitt is based in the United Kingdom.

Parker said in a statement that it looks forward to “engaging” with the UK government and “bringing the review of the transaction to a satisfactory conclusion”. It continues to expect to close the deal in the third quarter of 2022.

Parker has proposed paying GBP6.3 billion (USD8.7 billion) for Meggitt, saying the two aerospace suppliers could better serve their customers by combining their complementary portfolios. Both companies make motion and control systems.