Member News: Danfoss to Acquire Eaton’s Hydraulics Business

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.

Recent Posts

Reserve Your Spot at the 2024 IEOC Lunch Tabletop Exhibition!

August 13–14, 2024The Westin Chicago Northwest, Itasca, ILLearn More | Register  Get your business in front of attendees at 2024 Industry & Economic Outlook Conference (IEOC) via the new Lunch Tabletop Exhibition! For $2000*, each participating company will receive an 8-foot, black clothed table with two chairs in the location during the networking lunch break on Tuesday,…

Read More about Reserve Your Spot at the 2024 IEOC Lunch Tabletop Exhibition!

Oxford Reports Updated: Fluid Power Forecast, By Country Briefings and Forecasts, and Monthly Industry Briefings

Global Fluid Power Report and Forecast   Includes a global macro summary, by-country customer market forecast & analysis, as well as by-country fluid power industry forecasts. Countries covered in the report: US, Canada, Mexico, Brazil Poland, Netherlands, Italy, Germany, France, Belgium, UK, Russia, Taiwan, South Korea, Japan, Indonesia, India, China, Australia, UAE, and South Africa.    Insights include:   By Country Briefings…

Read More about Oxford Reports Updated: Fluid Power Forecast, By Country Briefings and Forecasts, and Monthly Industry Briefings

NAM Regulatory Update: Q&A – The Looming 2025 Tax Challenge

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. The NAM recently launched “Manufacturing Wins,” the manufacturing industry’s campaign to…

Read More about NAM Regulatory Update: Q&A – The Looming 2025 Tax Challenge