The acquisition 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 $1.8bn in 2020 global sales. Combining the two organizations will double the size of Danfoss Power Solutions.
Danfoss Power Solutions will offer a selection of mobile and industrial hydraulics products, while its local application support and geographical reach has increased, taking the lead in digitalization and electrification.
“This is a great day for Danfoss as we welcome 10,000 new colleagues into the organization and create a global leader in mobile and industrial hydraulics. By combining the knowledge and experience of the two strong businesses and great teams, our customers will receive an unmatched level of service and expertise from a single partner. We will continue our significant investments to stay on the forefront of technology leadership and provide solutions that improve productivity and reduce emissions to meet the requirements of the future,” said Kim Fausing president/CEO. Danfoss.
Power management company Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. It provides sustainable solutions to help customers manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably.
“This is an exciting new chapter for both of our businesses and our people, which are stronger together. The new Danfoss Power Solutions team will create a global leader in mobile and industrial hydraulics, drawing on long legacies of innovation and industry-leading expertise. The combined product portfolio and broadened global reach will better serve customers and distributors all around the world,” said Paulo Ruiz, president, former Eaton hydraulics business.
Eric Alström, president, Danfoss Power Solutions, added the need for technologically innovative and industry-changing hydraulic solutions is as great as ever.
“We’re very pleased to complete this significant investment in our core hydraulics business so we can serve our customers and partners even better than before. Combining the two robust businesses represents a perfect match and provides countless opportunities, such as increasing our engineering expertise and capabilities, doubling our global application support and extending the value of our Application Development Centers and digital design tools. Adding fluid conveyance and industrial applications are other assets gained through this transaction,” he added.
