Danfoss acquires Eaton’s hydraulics business 

  Enquiry / contact me

Price for the acquisition is 3.3 billion USD (approximately 3.0 billion EUR)

Eaton Chairman and CEO, Craig Arnold and Danfoss CEO, Kim Fausing
Eaton Chairman and CEO, Craig Arnold and Danfoss CEO, Kim Fausing

The Danfoss and Eaton Hydraulics businesses are leaders in the industry and have many organizational similarities, including company culture and a focus on customers, R&D and quality. Both businesses are global with complementary geographic footprints and the combined business creates a broader presence across the world. Furthermore, the acquisition will enable Danfoss to enter the industrial hydraulics market that is served by Eaton Hydraulics

Creating a full-line hydraulics player

“Today, we take a significant and transformational step in creating a global leader in mobile and industrial hydraulics. It is a once-in-a-lifetime opportunity to combine our largely complementary portfolios and geographic footprints. Eaton Hydraulics is a highly respected player in the global industry, recognized for its dedicated people and strong brands. By combining the knowledge and experience of the two businesses, our customers will benefit from unmatched expertise from a single partner. With this agreement, we continue to invest in our core hydraulics business and digital solutions to stay a strong technology partner,” says Kim Fausing, Danfoss President and CEO.

Eaton Hydraulics provides products for customers in markets such as agriculture, construction, and in industrial market segments. The business will be transferred into the existing Danfoss business segment, Danfoss Power Solutions, adding approximately 11,000 employees and 2019 sales of 2.2 billion USD (2.0 billion EUR) to the business segment, which will double the hydraulics business. Danfoss today has approximately 28,000 employees and 2019 sales of 7.0 billion USD (6.3 billion EUR). Accordingly, with this transaction, Danfoss will increase its size by one-third.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close by the end of the year.
 

Posted on February 4, 2020 - (415 views)
Related articles
Italian Project for Decarbonisation of the Glass Industry
High-Shear Granulator
Applying ISO/IEC 27001/2 and the ISA/IEC 62443 Series for Operational Technology Environments
Clean Parts – Safe Processes
First GC Analyzers Installed Directly in a Natural Gas Pipeline
User-Friendly and Versatile Flowmeter Line
ATEX/IECEx/CCC-IS Certified Rugged Pyrometers with HART interface integration
Groundbreaking ceremony for green hydrogen production plant in Wunsiedel, Germany
Compact Dehumidification System for Climate Control
Water Utility of the Future
The Ultimate Solution for Temperature and Gas Monitoring
Handle with... CO.RA.
Shaping the Future of Process Industries
Handle with CO.RA
Absolutely Efficient. JUMO dTRANS T09 Cable transmitter for temperature.
SPSConnect: The Digital Automation Hub
Inspiring Sustainable Connections
FLIR GF 77. The Groundbreaking, Affordable OGI Camera
Our Solutions, as Individual as You.
handle with... CO.RA
External Powder Flow Sensor
Pressure Sensing with Functional Safety
Commercial Food Processing
Glass vial and syringe production
Critical Asset and Safety Solutions
Thermal Profiling Systems
Infrared Temperature Solutions
Smart Safety Valve for Technical Gases
MODBUS Transmitter With Dual Universal Inputs
Dome Pressure Regulator with Integrated Digital Sensor Technology
Fixed Acoustic Imager Announced
Shaping the Future—the Ethernet-APL Field Switch
Commercial Food Processing
Glass vial and syringe production
Critical Asset and Safety Solutions
Thermal Profiling Systems
Infrared Temperature Solutions
More Safety with Top Lockout Procedures and Custom Shadowboards
Strenghten Factory Resilience with Unique Solution for Predictive Maintenance
Protect Machines Using Sound, IoT and AI