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Danfoss Formally Completes Us$3.3 Billion Acquisition Of Eaton’S Hydraulics Business

Aug 02, 2021

Acquiring Company

Danfoss

Acquired Company

Eaton

ManufacturingEnergyOil And GasArtificial IntelligenceRenewable EnergyAerospaceData CenterInvesting

Description

Danfoss has officially finalized its US$3.3 billion (approximately €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 in size by a third and establish itself as a global leader in mobile and industrial hydraulics.

Quick answer

Danfoss is acquiring Eaton for $3.3 billion, announced August 2, 2021.

How much did Danfoss pay for Eaton?
The reported deal value is $3.3 billion.
What does Danfoss do?
Danfoss engineers advanced technologies that enable us to build a better, smarter and more efficient tomorrow.
Who are the decision-makers at Danfoss?
Fundz holds 1 contact at Danfoss. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Danfoss

About

Danfoss engineers advanced technologies that enable us to build a better, smarter and more efficient tomorrow. In the world’s growing cities, we ensure the supply of fresh food and optimal comfort in our homes and offices, while meeting the need for energy-efficient infrastructure, connected systems and integrated renewable energy. Our solutions are used in areas, such as refrigeration, air conditioning, heating, motor control and mobile machinery. Our innovative engineering dates back to 1933 and today Danfoss holds market-leading positions, employing 37,000 and serving customers in more than 100 countries. We are privately held by the founding family. Read more about us at www.danfoss.com

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Frequently asked

Who acquired Eaton?

Eaton was acquired by Danfoss. The deal was reported on August 2, 2021. Danfoss engineers advanced technologies that enable us to build a better, smarter and more efficient tomorrow. Danfoss is privately held.

When did Danfoss acquire Eaton?

Danfoss's acquisition of Eaton was reported on August 2, 2021. Danfoss has officially finalized its US$3.3 billion (approximately €3 billion) acquisition of Eaton’s hydraulics business following confirmation of all necessary regulatory approvals and closing conditions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Eaton do?

Eaton Corporation is a multinational power management company. The company provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power. It is publicly traded (ETN), operating in Manufacturing.

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