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Jul 14, 2021ACQUISITIONUnited States Danfoss to acquire Eaton hydraulics business after DOJ settlement requiring divestitures to Interpump
The US Justice Department reached a settlement allowing Danfoss to buy Eaton's hydraulics business, with orbital motor and hydraulic steering assets to be sold to Interpump Group. The deal was originally announced in January 2020 at $3.3 billion and is expected to close around August 1, 2021.
Productshydraulic orbital motorshydraulic steering units
“The Justice Department has reached a settlement that would allow Danfoss AS to buy Eaton Corp.'s hydraulics business by divesting some of the companies' assets.”news.bloomberglaw.com
- 4 sources
- news.bloomberglaw.comDanfoss, Eaton to Divest Assets for Merger in DOJ Settlement (3)Jul 14, 2021
- eaton.comEaton obtains all regulatory approvals to close the sale of its Hydraulics business to Danfoss; Sale expected to close August 2, 2021Jul 21, 2021
- danfoss.comDanfoss formally completes US$3.3 billion acquisition of Eaton’s hydraulics business | DanfossAug 2, 2021
- jsalaw.comJSA advised Danfoss in connection with its acquisition of hydraulics business from Eaton - JSAAug 5, 2021
Summarized from public sources; check the original articles before acting on it.
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