Danfoss completes acquisition of Eaton’s hydraulics business
September 2021
News
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 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 in global sales.
The strengthened Danfoss Power Solutions will have one of the broadest selections of mobile and industrial hydraulics products and solutions available on the market, with a 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. These benefits will enable Danfoss Power Solutions to become an even stronger technology partner for existing and new customers, plus take the lead in digitalisation and electrification.
Danfoss president and CEO, Kim Fausing, commented: “This is a great day for Danfoss as we welcome 10 000 new colleagues into the organisation and create a global leader in mobile and industrial hydraulics. By combining the knowledge and experience of the two strong teams, our customers will receive an unmatched level of service and expertise from a single partner. We will continue our 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.”
Paulo Ruiz, president of the former Eaton hydraulics business, added: “This is an exciting new chapter for both of our businesses and people, we 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.”
Further reading:
4Sight OT Automation achieves prestigious AVEVA Endorsed Partner status
News
4Sight OT Automation, a leading industrial software solutions provider, has achieved Endorsed Partner status within the AVEVA Partner Network.
Read more...
Schneider Electric announces 2023 Global Alliance Partner Programme award winners
Schneider Electric South Africa
News
Schneider Electric has announced the winners of the 2023 Global Alliance Excellence Awards. Throughout 2023, Schneider Electric’s Alliance Partners supported customers in the digitalisation of industrial automation, delivering value with innovative initiatives, solutions and services.
Read more...
Custom containerised lubrication dispensing system
News
Bosch Rexroth Africa recently supplied and installed a customised environmentally friendly and dust-proof lubrication dispensing system for a leading earth-moving equipment supplier.
Read more...
Siemens to acquire industrial drive technology business of ebm-papst
Siemens South Africa
News
Siemens has signed an agreement to acquire the industrial drive technology business of ebm-papst. The business includes intelligent, integrated mechatronic systems in the protective extra-low voltage range and innovative motion control systems.
Read more...
Bearings International fosters a segment strategy
Bearings International
News
Bearings International has a segment approach to the market, which places an intentional focus on key industries in South and sub-Saharan Africa in a bid to optimise operations, enhance uptime, and drive business sustainability and increased profitability outcomes for customers.
Read more...
Local robotics team’s journey to the world stage
News
In the heart of Cape Town, a group of young visionaries aged 12 to 17 is making waves in the world of robotics. Known as Texpand, this team from Pinelands has not only dominated the First Tech Challenge (FTC) in South Africa, but has also earned international acclaim for its innovative approach to engineering and problem solving.
Read more...
RS Group expands by 10 000 products
RS South Africa
News
RS South Africa has announced its Better World Claims Based Framework, enabling customers to select verified sustainable product alternatives. This provides suppliers with a standardised framework to accelerate the development and manufacture of more sustainable and responsible products.
Read more...
IRP 2023 could reset SA’s social and economic problems
News
ACTOM recently held a webinar on the ‘Draft IRP2023 Impact on the Manufacturing Sector’. South Africa’s Draft Integrated Resource Plan 2023 is a key document that outlines a comprehensive strategy for addressing the country’s energy security challenges, while also setting out its transition to a diversified energy mix, including renewables.
Read more...
Young scientists to showcase innovative research
News
Innovative South African research which includes a cost-effective triage test for real-time detection of TB and a nature-based technology that brings about environmental remediation, will be showcased at this year’s International Festival of Engineering, Science and Technology in Tunisia.
Read more...
Moog takes a leadership position in lunar exploration
News
NASA is planning for a sustained human presence on the Moon, and resources such as water could eventually be harnessed from the lunar surface instead of being transported from Earth, and it has turned to industry to find ways to excavate and transport that icy regolith.
Read more...
printer friendly version