Danfoss acquisition of Eaton’s hydraulics portfolio in India makes it emerge stronger

By OEM Update Editorial August 5, 2021 3:28 pm IST

Eaton’s hydraulics business will be combined with Danfoss Power Solutions business segment, doubling the size of Danfoss’ hydraulics operations.

Danfoss has officially finalised its US$3.3 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 organisations will double the size of Danfoss Power Solutions, increasing its innovation capacity two-fold.

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