Eaton Completes $3.3 Billion Sale of Hydraulics Business

Create Date: 2024-8-30 12:03:23|Source: Eaton/Eaton

Dublin, Ireland – Eaton (NYSE: ETN), a global power management company, announced on August 2, 2021 that it has closed the sale of its hydraulics business to Danfoss, a Denmark industrial company, for $3.3 billion.

Eaton Hydraulics reported sales of $1.8 billion in 2020. Eaton Corporation has been in the hydraulics market for many years, supplying hydraulic components, systems and services to industrial and mobile equipment.

"The closing of the sale of Hydraulics is an important step in Eaton's transformation into a more growth-oriented and profitable business," said Craig Arnold, Chairman and Chief Executive Officer of Eaton. ”

Eaton now has four global businesses – Electrical, Aerospace, Vehicle Electrification and Vehicles.



Eaton Completes $3.3 Billion Sale of Hydraulics Business

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