Eaton

Danfoss has finalized its US$3.3 billion acquisition of Eaton's hydraulics business after all regulatory approvals and closing conditions were met. The deal makes Danfoss Power Solutions a global leader in mobile and industrial hydraulics.

Dana Incorporated agreed to combine with Eaton's Mobility business in a transaction valued at about USD 5.1 billion, structured as a Reverse Morris Trust, with Eaton shareholders owning at least 50.1% of the combined company and $250 million of run-rate synergies expected within 24 months.

Eaton will open a new manufacturing campus in Henrico County, Virginia, making static transfer switches, power distribution units and remote power panels for data centers, with production expected to start in 2027.

Eaton signed an agreement to acquire the Boyd Thermal business of Boyd Corporation from Goldman Sachs Asset Management for $9.5 billion, announced November 3, 2025. Boyd Thermal makes liquid cooling and thermal components for data centers and aerospace.

Eaton will invest $46 million in a new facility at 7230 Cross County Road in North Charleston, South Carolina, to make hydraulic pumps and motors for aerospace platforms. The plant will create 50 jobs and is expected to begin operations in 2028.

Eaton was selected by Bell Textron to design, develop and certify the retractable aerial refueling probe for the U.S. Army's MV-75 FLRAA aircraft. Initial work covers certification, qualification units and prototype hardware, with production across Eaton facilities in the US and UK.

Eaton announced it would invest $340 million to add a third US facility for manufacturing three-phase transformers in Jonesville, South Carolina. The site will support 700 new jobs and begin hiring and production in 2027.

Eaton announced $85 million in additional manufacturing investment to increase North American output of utility equipment, including underground protective connectors, with about 300 new positions at its Queretaro facility. Recent North American investments reach nearly $750 million.

Eaton is investing $22 million in equipment at its Waukesha, Wisconsin facility to increase manufacturing capacity for three-phase transformers for utility, data center and commercial applications.

Danfoss has finalized its approximately $3.3 billion acquisition of Eaton's hydraulics business after receiving all regulatory approvals. The business will be combined with Danfoss Power Solutions, adding about 10,000 employees.

Eaton broke ground on a $100 million expansion of its Nacogdoches, Texas manufacturing facility adding 200,000 square feet and over 200 jobs, doubling capacity for voltage regulators and three-phase transformers. The project was first announced in August 2023.

Danfoss has completed its acquisition of Eaton's hydraulics business for $3.3 billion after receiving all regulatory approvals. The business is being combined with Danfoss Power Systems, adding about 10,000 employees and $1.8 billion in sales.

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.

Eaton announced completion of its acquisition of Cobham Mission Systems, a manufacturer of air-to-air refueling, environmental and actuation systems for defense markets with about 2,000 employees.

Brazil's antitrust authority CADE approved Danfoss's acquisition of Eaton's hydraulic solutions business, conditional on a remedies agreement addressing competition concerns in piston pumps and hydraulic steering units.

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.

Eaton announced the modernization of its first plant outside the United States, in São José dos Campos, Brazil, which produces combustion engine valves. The upgrade adds new technologies and Industry 4.0 automation, with improvements scheduled through 2022.

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.

Eaton announced the sale of its hydraulics business, excluding its filtration and golf club grip businesses, to Danfoss A/S for $3.3 billion in cash. The business had 2019 sales of $2.2 billion and about 11,000 employees, and the deal is expected to close by year-end.

Danish engineering company Danfoss agreed to acquire Eaton's Hydraulics business for a cash price of $3.3 billion (about EUR 3.0 billion), as reported in a January 21, 2020 law firm roundup.

Eaton broke ground at the KIADB Aerospace SEZ near Devanahalli, Bangalore, to build its first Indian aerospace manufacturing facility on 2.75 acres, investing Rs 60 crore in the first phase. The site is expected to be operational in the second half of 2019 and employ 110 people.

Eaton and Doosan Corporation Mottrol signed an agreement for Eaton to supply hydraulic pumps for South Korea's KF-X fighter aircraft program led by Korea Aerospace Industries.