trending Market Intelligence /marketintelligence/en/news-insights/trending/H_fQckdT2AFt2dlg1aDfKg2 content esgSubNav
In This List

Eaton to sell hydraulics business to Danfoss for $3.3B

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Perspectivas América Latina – Supply Chain Sanctions, Shortages, and Impacts


Eaton to sell hydraulics business to Danfoss for $3.3B

Ireland-based power management company Eaton Corporation PLC agreed to sell its hydraulics business to Denmark-based engineering solutions provider Danfoss A/S for $3.3 billion in cash.

The business, which specializes in components, systems, and services for industrial and mobile equipment, contributed 86% of Eaton's Hydraulics segment revenue in 2019. The company will retain its filtration and golf grip businesses.

The deal value amounts to about 13.2x Eaton's 2019 EBITDA. The business recorded sales worth $2.2 billion in 2019.

The transaction is expected to close by the end of 2020 and is subject to customary closing conditions.