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Parker Hannifin Corporation Agrees to Acquire Velcon Filters LLC

Parker Hannifin Corporation Agrees to Acquire Velcon Filters LLC
We are pleased to announce that Parker Hannifin Corporation has agreed to acquire Velcon Filters
LLC, a leading manufacturer of filtration products. This transaction will offer you greater value with
an enhanced ability to develop new and innovative filtration solutions. The acquisition is anticipated
to close following regulatory approvals in the next 30 to 60 days.

The management teams at Parker and Velcon assure you that our continued focus will be to serve
your needs as we combine our businesses. Parker has a long and successful history of acquiring
and integrating companies with the principle focus of ensuring continued premier customer service.
Velcon will be merged within the Filtration Group of Parker.

Throughout the transition process, the Velcon and Parker teams are committed to providing excellent
service to our customers. By integrating Velcon Filters into Parker’s Filtration Group, we are able to
offer a full complement of advanced filtration solutions for fuels, oils and other fluids.

We welcome your feedback, appreciate your business and look forward to serving you in the future.