trending Market Intelligence /marketintelligence/en/news-insights/trending/H_fQckdT2AFt2dlg1aDfKg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Eaton to sell hydraulics business to Danfoss for $3.3B

IFRS 9: Time is Running Out for Insurance Companies to Comply

5 Quant Research Traps to Avoid

S&P Global Market Intelligence

Wind Power by the Numbers: U.S., Canada and Mexico

Measuring The Wireline Digital Divide In The US


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.