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.
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