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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS

On October 1, 2013, the Corporation acquired the stock of Parvus Corporation for $38 million in cash. Parvus is a designer and manufacturer of rugged small form factor computers and communications subsystems for the aerospace, defense, homeland security, and industrial markets. The business will operate within the Corporation's Controls segment.

On October 1, 2013, the Corporation acquired the assets of Ovalpath, Inc. for $2.5 million in cash. The agreement also provides for future consideration of up to an additional $6.4 million based on the achievement of certain financial metrics over a five year period immediately after the closing date. Ovalpath is the developer of a proprietary software platform used in mobile-device based applications serving the commercial nuclear power market. The business will operate within the Corporation's Flow Control segment.

On October 4, 2013, the Corporation acquired the membership interests of Arens Controls, LLC for $98 million in cash. Arens is a designer and manufacturer of highly-engineered, precision operator interface controls, and power management systems for commercial and off-road industrial vehicles. The business will operate within the Corporation's Controls segment.