EU opens in-depth probe into Danfoss's $3.3bn purchase of Eaton Hydraulics

The European Commission opened an in-depth investigation into Eaton's planned $3.3 billion sale of its hydraulics business to Danfoss over concerns about competition in hydraulic components for mobile machinery.

“The Commission is concerned that the proposed sale, announced earlier this year, may reduce competition in the supply of hydraulic components for mobile machinery.”drivesncontrols.com

• 2 sources
• drivesncontrols.comEU investigates $3.3bn sale of Eaton Hydraulics to Danfoss - Drives&ControlsSep 22, 2020
• accc.gov.auDanfoss’ acquisition of Eaton’s Hydraulics not opposed | ACCCOct 14, 2020

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