Danfoss to Acquire Eaton’s Hydraulics Business for $3.3 Billion
The poster of the week.
This is an important event that can change the balance of power in the hydraulics market.
The Danfoss Group announced today that it had reached an agreement with Eaton to acquire Eaton Hydraulics for $3.3 billion. Eaton Hydraulics serves agricultural, construction, and industrial markets and will be transferred into Danfoss Power Solutions. The transfer will add 11,000 employees to Danfoss, which currently employs 28,000 people. The deal is expected to close before the end of the year.
More info by the link: “Danfoss agrees to acquire Eaton’s hydraulics business”