Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Parker-Hannifin Corporation” of the exclusive control of the company “Cube Parent, Inc.”

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the “summary of the operation” below, containing the information provided by the parties.

This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups involved:

• The acquirer: “Parker-Hannifin Corporation”;
• The target: “Cube Parent, Inc.” and its subsidiaries, which operate the Aerospace and Defense activity of the company “CIRCOR International”.

Nature of the operation:

• Acquisition of exclusive control.

Economic sectors concerned:

• Manufacturing and distribution of aerospace valves and pressure sensors.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., July 01, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of a project for an economic concentration operation concerning the acquisition by the company “Parker-Hannifin Corporation” of the exclusive control of the company “Cube Parent, Inc.” and its subsidiaries, which operate the Aerospace and Defense activity of the company “CIRCOR International”.

“Parker-Hannifin Corporation” is a company formed under the laws of the State of Ohio, United States, listed on the New York Stock Exchange (NYSE), with its headquarters located at 6035 Parkland Boulevard, Cleveland, Ohio 44124-4141, United States, and registered under number 175441 with the Secretary of State of Ohio. It is active in the manufacture of motion control technologies and systems for industrial and aerospace markets.

“Cube Parent, Inc.” is a US company, with its headquarters at C/O Maples Fiduciary Services (Delaware) Inc., 4001 Kennett Pike, Suite 302, Wilmington, DE 19807, United States, and registered under number 7663877 in the Delaware commercial register. The target and its subsidiaries operate the Aerospace and Defense activity of the company “CIRCOR International”.

The Aerospace and Defense activity of the company “CIRCOR International” includes the design, manufacture, and marketing of fluid control products, subsystems, and components for the aerospace and defense markets, and is operated notably through production sites in the United States, France, and Morocco.

“Cube Parent, Inc.” is 100% owned by “Cube Intermediate 2 LLC”, itself indirectly majority owned by investment funds, vehicles, and/or accounts advised and managed by KKR. “KKR” is an international investment company that offers alternative asset management services as well as solutions related to capital and insurance markets. “KKR” oversees investment funds that invest in private equity, credit, and real assets and has strategic partners managing hedge funds.

 

Done in Rabat on June 19, 2026