Eaton to sell hydraulics business to Danfoss for $3.3 billion

Eaton announced the sale of its hydraulics business, excluding its filtration and golf club grip businesses, to Danfoss A/S for $3.3 billion in cash. The business had 2019 sales of $2.2 billion and about 11,000 employees, and the deal is expected to close by year-end.

“Eaton, the global power management company, announced the sale of its hydraulics business and s Truck A deal with Danfoss A/S, the Danish industrial company, to sell it for $3.3bn in cash.”news.global-ce.com

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• news.global-ce.comEaton corp. is selling its hydraulic business danfoss for $3.3 billion|Global-CEJun 2, 2020

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