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Mar 18, 2021REGULATIONEuropean Union
EU clears Danfoss' $3.3B purchase of Eaton hydraulics business with conditions
The European Commission approved Danfoss' $3.3 billion acquisition of Eaton's hydraulics business, conditional on Danfoss keeping commitments made to address competition concerns in mobile hydraulic components.
Productshydraulic componentshydraulic steering unitselectrohydraulic steering valvesorbital motors
“Europe's competition enforcer won't stand in the way of Danish engineering company Danfoss' $3.3 billion plan to pick up Eaton Corp.'s hydraulic business, provided that the companies keep the promises.”law360.com
- 3 sources
- law360.comEU OKs Danfoss' $3.3B Eaton Hydraulic Buy, With Conditions - Law360Mar 18, 2021
- hengeler-news.comHengeler Mueller secures European Commission merger control approval for Danfoss' acquisition of Eaton's global hydraulics business | Hengeler Mueller NewsMar 19, 2021
- energyindustryreview.comEC to Approve Acquisition of Eaton Hydraulics by DanfossMar 19, 2021
Summarized from public sources; check the original articles before acting on it.
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