LSIS Acquires Parker Hannifin’s Energy Grid Tie Division to Create a New U.S. Based Company, LS Energy Solutions

CHARLOTTE, N.C.--LSIS, a $2B Korea-based global leader in power, automation and smart energy solutions, announced today the acquisition of the Charlotte-based Energy Grid Tie (EGT) Division of Parker-Hannifin, creating a new U.S.-based company, LS Energy Solutions. Financial terms and details of the transaction are not being disclosed.