# 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.

- Type: Acquisition
- Announced: 2020-06-02
- Value: $3.30B
- Status: announced
- Products: hydraulic components, hydraulic systems, hydraulic services
- 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)

## Sources

- [news.global-ce.com](https://news.global-ce.com/n/202006/02/114158.html), 2020-06-02: "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."

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