Danfoss Power Solutions has completed the acquisition of Eaton’s hydraulics business for $3.3 billion, doubling the size of Danfoss’ hydraulics operations. …
Following the move, the Danfoss Group has grown in size by a third and established itself as a global leader in mobile and industrial hydraulics. Eaton’s hydraulics business will be combined with the Danfoss Power Solutions business segment, which will result in addition of about 10,000 employees worldwide and $1.8 billion in 2020 global sales. Its innovation capacity is also expected to grow twofold. The strengthened Danfoss Power Solutions will have a wide selection of mobile and industrial hydraulics products and solutions available on the market, and the full line offering including fluid conveyance systems. The company’s distribution channels have also been developed, and its local application support and geographical reach have increased considerably.