For immediate Service, Call(800) 341-4334

Danfoss Formally Completes Acquisition of Eaton’s Hydraulics Business

    Airflex

    The below Press Release was originally posted on Danfoss.com. As of August 2023, all products will now be referenced and referred to as Danfoss Airflex products.

    ---

    Danfoss has officially finalized its US$3.3 billion (approximately €3 billion) acquisition of Eaton’s hydraulics business following confirmation of all necessary regulatory approvals and closing conditions. 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, adding approximately 10,000 employees worldwide and US$1.8 billion (around €1.5 billion) in 2020 global sales. Combining the two organizations 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. The company’s distribution channels have also been significantly boosted, while its local application support and geographical reach have increased considerably. All of these benefits will enable Danfoss Power Solutions to become an even stronger technology partner for existing and new customers, plus take the lead in digitalization and electrification.


    Keep Reading

    IMX2024

    PJ News

    Inland Marine Expo 2024

    We'll be at the Inland Marine Expo (IMX) May 29-31 in Nashville, TN. Make sure to connect with Scott Cheek and Jeff Magusin while they're in town!
    Read More

    PJ News

    Inland Marine Expo 2024

    IMX2024
    Read More

    Tech Corner

    Twin Disc Hybrid-Ready Marine Transmission

    Hybrid Ready Marine Transmission
    Read More

    Tech Corner

    Benefits of a Torsional Coupling for your Pump Drive or Gearbox Application

    Torsional Coupling Benefits
    Read More