Parker Hannifin Corp. has announced that it has acquired Kay Pneumatics Ltd, a manufacturer of pneumatic valves, cylinders and precision electro-pneumatic control systems for transportation, semi-conductor, medical and general industrial markets. Known as KV Automation, the company is headquartered in Milton Keynes, UK, and has operations in the US, Spain, France, Netherlands, Thailand, China and UAE and reported sales of USD 43 million for the fiscal year ending 30 April 2007. KV Automation will operate within Parker’s Automation Group. Sales will be reported largely within Parker’s Industrial International segment. KV will continue to leverage its unique rapid prototyping capability to design and manufacture fully integrated electro-pneumatic and electro-fluidic system solutions for customer specific applications. Some typical applications include bus door actuation, anesthesia and mobile emergency ventilator modules for medical use and pressure regulation systems used in the ultra pure semiconductor production environment.