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Home > News > Eaton to sell hydraulics business to Danfoss in $3.3B deal
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Eaton to sell hydraulics business to Danfoss in $3.3B deal

2020-01-22

Eaton to sell hydraulics business to Danfoss in $3.3B deal

Jan. 21, 2020 4:59 PM ET|About: Eaton Corporation plc (ETN)|By: , SA News Editor

Eaton (NYSE:ETN) agrees to sell its Hydraulics business to Danish industrial company Danfoss for $3.3B in cash.

The business, which accounted for 86% of the company's Hydraulics segment revenue in 2019, amassed sales of $2.2B in 2019.

Eaton says the sale is part of its transformation "into a higher growth company with better earnings consistency."

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Business Type:Manufacturer
Product Range:Agriculture Machinery Parts , Other Construction Machinery , Hydraulic Parts
Products/Service:Hydraulic Valves , Hydraulic Gear Pumps , Hydraulic Motors , Mini Power Pack , Proportional Valve , Hydraulic Parts
Certificate:ISO9001 , CE
Company Address:666 Shuanghu Road West, Jianhu, Yancheng, Jiangsu, China

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