Danfoss Formally Completes US$3.3 Billion Acquisition of Eaton’s Hydraulics Business
Retrieved on:
Monday, August 2, 2021
Danfoss has officially finalized its US$3.3 billion (approximately 3 billion) acquisition of Eatons hydraulics business following confirmation of all necessary regulatory approvals and closing conditions.
Key Points:
- Danfoss has officially finalized its US$3.3 billion (approximately 3 billion) acquisition of Eatons hydraulics business following confirmation of all necessary regulatory approvals and closing conditions.
- Mobile hydraulics has been one of Danfoss core and most successful businesses for over 50 years.
- The acquisition of Eatons hydraulics business is a vital aspect of Danfoss growth strategy.
- Eatons hydraulics business will be combined with the Danfoss Power Solutions business segment, adding approximately 10,000 employees worldwide and US$1.8 billion (around 1.5 billion) in 2020 global sales.