# 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.

- Type: Acquisition
- Announced: 2021-07-14
- Where: United States
- Value: $3.30B
- Status: announced
- Products: hydraulic orbital motors, hydraulic steering units
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Interpump Group](https://endata.com/companies/870.md) (partner)
- [Danfoss](https://endata.com/companies/1945.md) (acquirer)
- [Eaton](https://endata.com/companies/2829.md) (acquirer)
- [Eaton](https://endata.com/companies/2829.md) (partner)
- [Eaton](https://endata.com/companies/2829.md) (target)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/antitrust/doj-sues-to-block-danfosss-deal-to-buy-eatons-hydraulics-unit), 2021-07-14: "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."
- [eaton.com](https://www.eaton.com/us/en-us/company/news-insights/news-releases/2021/eaton-obtains-all-regulatory-approvals-to-close-the-sale-of-its-.html), 2021-07-21: "The company now has all the regulatory approvals it needs to close the transaction."
- [danfoss.com](https://www.danfoss.com/en/about-danfoss/news/cf/eaton-hydraulics-acquisition-finalized/), 2021-08-02: "Danfoss has officially finalized its US$3.3 billion (approximately €3 billion) acquisition of Eaton's hydraulics business following confirmation of all necessary regulatory approvals and closing conditions."
- [jsalaw.com](https://www.jsalaw.com/deals-matter/jsa-advised-danfoss-in-connection-with-its-acquisition-of-hydraulics-business-from-eaton/), 2021-08-05: "The deal value of the transaction is USD 3.3 Billion."

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