# 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.

- Type: Regulation
- Announced: 2021-03-18
- Where: European Union
- Value: $3.30B
- Status: announced
- Products: hydraulic components, hydraulic steering units, electrohydraulic steering valves, orbital motors
- 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) (target)
- [Hengeler Mueller](https://endata.com/companies/7757.md) (partner)

## Sources

- [law360.com](https://www.law360.com/articles/1366232/eu-oks-danfoss-3-3b-eaton-hydraulic-buy-with-conditions), 2021-03-18: "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."
- [hengeler-news.com](https://hengeler-news.com/en/articles/hengeler-mueller-secures-european-commission-merger-control-approval-for-danfoss-acquisition-of-eaton-s-global-hydraulics-business), 2021-03-19: "The European Commission approved Danfoss A/S's (Denmark) acquisition of Eaton Corporation plc's global hydraulics business (headquartered in the US)."
- [energyindustryreview.com](https://energyindustryreview.com/marketplace/ec-to-approve-acquisition-of-eaton-hydraulics-by-danfoss/), 2021-03-19: "The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Eaton's hydraulics business (Eaton Hydraulics) by Danfoss."

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