# Danfoss agrees to buy Eaton's hydraulics business for $3.3B

Danish engineering company Danfoss agreed to acquire Eaton's Hydraulics business for a cash price of $3.3 billion (about EUR 3.0 billion), as reported in a January 21, 2020 law firm roundup.

- Type: Acquisition
- Announced: 2020-01-21
- Where: Minnesota, United States
- Value: $3.30B
- Status: announced
- Products: hydraulics, mobile hydraulics, industrial hydraulics
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Danfoss](https://endata.com/companies/1945.md) (acquirer)
- [Eaton](https://endata.com/companies/2829.md) (partner)
- [Eaton](https://endata.com/companies/2829.md) (target)

## Sources

- [danfoss.com](https://www.danfoss.com/en-us/about-danfoss/news/dps/danfoss-agrees-to-acquire-eaton-s-hydraulics-business/), 2020-01-21: "Today, Danfoss has entered into an agreement to acquire Eaton's Hydraulics business for a cash purchase price of 3.3 billion USD."
- [law360.com](https://www.law360.com/articles/1236387/winston-strawn-gibson-dunn-guide-danfoss-3-3b-eaton-hydraulic-buy), 2020-01-21: "Danfoss has entered into an agreement to acquire Eaton's Hydraulics business."
- [amestrib.com](https://www.amestrib.com/story/business/2020/01/22/danfoss-to-acquire-eaton-corporations/1844405007/), 2020-01-22: "The deal, valued at $3.3 billion, is part of Danfoss' strategy to strengthen its core business and enhance customer value."
- [ien.com](https://www.ien.com/operations/news/21111693/danfoss-acquires-eaton-hydraulics-for-33b), 2020-01-22: "Danfoss will acquire Eaton's Hydraulics business for $3.3 billion in cash."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1551182/000155118220000011/etn1-2020form8xkhydrau.htm), 2020-01-27: "Pursuant to the SAPA, Danfoss will acquire certain assets and the stock of specific subsidiaries constituting the registrant's hydraulics business."
- [paksoy.av.tr](https://paksoy.av.tr/en/2020/01/paksoy-advises-danfoss-a-s-on-the-acquisition-of-eatons-hydraulics-business/), 2020-01-29: "has entered into a share purchase agreement for the acquisition of Eaton Corporation's hydraulics business for USD 3.3 billion."
- [ceelegalmatters.com](https://ceelegalmatters.com/news/4238-global-deal/12600-paksoy-and-winston-strawn-advise-danfoss-on-global-acquisition-of-eaton-s-hydraulics-business), 2020-02-04: "Danfoss A/S ... on its USD 3.3 billion acquisition of Eaton Corporation's hydraulics business."
- [fluidpowerjournal.com](https://fluidpowerjournal.com/danfoss-agrees-to-acquire-eatons-hydraulics-business/), 2020-02-04: "Danfoss today announced that it has entered into an agreement to acquire Eaton's Hydraulics business for a cash purchase price of 3.3 billion USD (approximately 3.0 billion EUR)."
- [grhcn.net](https://www.grhcn.net/news/danfoss-agrees-to-acquire-eaton-s-hydraulics-business-141639.html), 2020-03-04: "Danfoss today announced that it has entered into an agreement to acquire Eaton's Hydraulics business for a cash purchase price of 3.3 billion USD (approximately 3.0 billion EUR)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.