Parker Hannifin Corp. has announced it has acquired Hanil Hydraulics Co., Ltd, a Korean-based maker of hydraulic valves used in construction equipment applications. The acquisition is expected to be accretive to earnings within the first full year of integration Hanil Hydraulics produces sectional valves, gear pumps, and mono-block spool valves for mobile equipment including excavators, forklifts, and lift trucks, primarily serving the Korean and Chinese markets. Hanil will become part of Parker’s Asia Pacific Hydraulics Group.