Danfoss acquires Eaton’s hydraulics business
Fourth Quarter 2021
News & events
Kim Fausing, Danfoss president and CEO.
Danfoss has officially finalised its $3,3 billion acquisition of Eaton’s hydraulics business. The move will see the Danfoss Group grow in size by a third and establish itself as a global leader in mobile and industrial hydraulics. Mobile hydraulics has been one of Danfoss’ core and most successful businesses for over 50 years. The acquisition of Eaton’s hydraulics business is a vital aspect of Danfoss’ growth strategy. Eaton’s hydraulics business will be combined with the Danfoss Power Solutions business segment. Combining the two organisations will double the size of Danfoss Power Solutions, increasing its innovation capacity twofold.
The strengthened Danfoss Power Solutions will have the broadest selection of mobile and industrial hydraulics products and solutions available on the market, with the full line offering including fluid conveyance systems. These benefits will enable Danfoss Power Solutions to become an even stronger technology partner for existing and new customers, plus take the lead in digitalisation and electrification.
Danfoss president and CEO, Kim Fausing, commented on the acquisition: “This is a great day for Danfoss as we welcome 10 000 new colleagues into the organisation and create a global leader in mobile and industrial hydraulics. By combining the knowledge and experience of the two strong businesses, our customers will receive an unmatched level of service and expertise from a single partner. We will continue our significant investments to stay at the forefront of technology leadership and provide solutions that improve productivity and reduce emissions to meet the requirements of the future.”
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