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
New Forecasts from Oxford Economics: Updates on the UAW Strike
Quarterly country and industry forecast reports from Oxford Economics have been updated on NFPA’s member hub. Insights include impacts of the UAW strike on the motor vehicle industry and updates on China’s industrial production. Oxford Economics produces a plethora of reports that are available to NFPA members. These reports include: The latest reports include updates…
Bronze Sponsorships Still Available for Members!
Sponsorship opportunities for the upcoming Annual conference and other events have been rolled into annual packages. This format streamlines the sponsorship process and gives our members more enhanced opportunities for visibility at NFPA events. Sponsorship packages include recognition opportunities during conferences, in the NFPA News, NFPA Member’s Hub, Fluid Power Vehicle Challenge, the Fluid Power Forum…
Innovative Pump Technology Expands to Medical Industry – Fluid Power Forum Episode 109 Now Live
This episode features Greg Shtrahman of Marzocchi Pumps USA. Listen to the Podcast Here Greg is a Business Development Manager at Marzocchi Pumps, a company that designs, manufactures, and sells external gear pumps and motors for high performance applications. We spoke with Marzocchi’s president in a previous episode about their low-noise gear pumps for automotive…