Parker Hannifin
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SK Capital Closes Acquisition of North America Composites & Fuel Containment Division from Parker Hannifin; Changes Name to Axillon Aerospace
SK Capital, a private investment firm focused on the specialty materials, ingredients and life sciences sectors, completed its previously announced acquisition of the North America Composites & Fuel Containment Division of Parker Hannifin Corporation (NYSE: PH). The business, which has been renamed Axillon Aerospace, is a leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. Axillon Aerospace generates annual sales of approximately $350 million, operates six manufacturing locations across the USA and Mexico, and employs approximately 1,700 people.
Parker Aerospace writes innovative safety algorithm on Azure Databricks
Parker Aerospace partnered with its customer Republic Airways to better understand how its parts were performing in flight, but it needed to overcome infrastructure challenges that limited its data processing capacity. The company adopted Azure Databricks, reducing processing time from 14 hours to two. This enhanced operational capacity has paved the way for Parker Aerospace to further improve its ability to support aviation operations.
The company is using Azure Databricks to completely transform its analytics capabilities. Republic Airways sends each day’s aircraft operational data to Parker Aerospace for analysis—a massive and constant influx of raw data. “Now, we can process large new data sets nightly,” explains Lim. By leveraging advanced analytics algorithms, Azure Databricks provides more accurate insights into aircraft performance and maintenance needs, which helps the airline optimize its operations and improve service delivery. Parker Aerospace has also integrated Power BI with Azure Databricks, which enables Parker Aerospace to visualize data in new ways and create report dashboards for Republic Airways.
The partnership between Parker Aerospace and Republic Airways is mutually beneficial. In addition to supplying Parker Aerospace with insights, the Leak Detection Algorithm integrates seamlessly into an interactive predictive maintenance dashboard in Power BI powered via Azure Databricks, providing the airline’s maintenance team with insights into the performance of their fleet. This dashboard allows maintenance personnel to visualize and analyze data trends, enabling them to make informed decisions about maintenance priorities and resource allocation. The dashboard features predictive analytics capabilities through Azure Databricks, which can forecast potential maintenance issues based on historical data and enhance maintenance planning and efficiency. “Microsoft had all the necessary resources we needed to make the collaboration with Republic Airways possible,” says Austin Major, VP of Sales and Business Development at Parker Aerospace.