NFPA member news is designed to inform members of key industry updates in quick, bite-sized posts that provide only the most important information. This week’s update comes from Danfoss and Eaton.
This week Danfoss announced it has entered into an agreement to acquire Eaton’s Hydraulics business. The move is in line with Danfoss’ strategy to strengthen its core businesses. It will also expand the company’s geographic footprint and product offering, expanding Danfoss’ reach into the industrial market segments served by Eaton Hydraulics. Eaton’s Hydraulics business will be transferred into Danfoss Power Solutions, the existing Danfoss business segment, adding 11,000 employees and increasing Danfoss’ size by one third. The transaction is expected to close by the end of the year. Read the full release here and here.
Is your company making news? Let us know! Send your press releases regarding acquisitions, key personnel changes, moves, and expansions to Katrina Schwarz at kschwarz@nfpa.com.
Like this post? Share it!
Recent Posts
All You Want to Know About AI and Its Applications for Your Organization
By Mike MarksIndian River Consulting Group Buzz, hype, mania — we’re surrounded by the topic of AI. The use of generative artificial intelligence tools has exploded since the launch of ChatGPT in late 2022. These tools range from writing to voice, art and video generators. Enterprising companies are creating tools to service industry niches with…
NAM Regulatory Update: Manufacturer to Congress | Support the American Dream
As part of an effort to bring more information about the regulatory and legal environment facing American manufacturers, NFPA is monitoring the newsfeed of the National Association of Manufacturers (NAM) and will be bringing important updates like this to the attention of NFPA members. As mentioned in this article, Husco is a long time NFPA…
NFPA Welcomes New Member: Firestone Airide
Firestone Airide, a division of Firestone Industrial Products headquartered in Nashville, Tennessee, drives innovative technology designed to eliminate vibration in global transportation. Firestone has over 80 years of experience designing and manufacturing air springs and related products to eliminate vibration across the automotive, heavy-duty, and off-highway segments and will collaboratively integrate tire and air spring sensing technologies to create…