M&A Deal Summary

Danfoss Acquires Eaton - Hydraulics Business

On January 21, 2020, Danfoss acquired machinery company Eaton - Hydraulics Business from Eaton for 3.3B USD

Acquisition Highlights
  • This is Danfoss’ 1st transaction in the Machinery sector.
  • This is Danfoss’ largest (disclosed) transaction.
  • This is Danfoss’ 1st transaction in Ireland.

M&A Deal Summary

Date 2020-01-21
Target Eaton - Hydraulics Business
Sector Machinery
Buyer(s) Danfoss
Sellers(s) Eaton
Deal Type Divestiture
Deal Value 3.3B USD

Target

Eaton - Hydraulics Business

Dublin, Ireland
Eaton's Hydraulics Business provides mobile and industrial hydraulics.

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Buyer(S) 1

Buyer

Danfoss

Nordborg, Denmark

Category Company
Founded 1933
Sector Machinery
Employees28,000
DESCRIPTION

Danfoss is a supplier of technologies and components that meet the growing need for food supply, energy efficiency, climate-friendly solutions and modern infrastructure. The Company’s wide range of products and services are used in areas such as cooling food, air conditioning, heating buildings, controlling electric motors and powering mobile machinery.


DEAL STATS #
Overall 4 of 5
Sector (Machinery) 1 of 2
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-21 UQM Technologies

Longmont, Colorado, United States

UQM Technologies, Inc. is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-10 Bock

Frickenhausen, Germany

Bock is a manufacturer of technologically sophisticated piston compressors for cooling and refrigeration technology. The market segments addressed are primarily cooling and refrigeration technology for mobile applications in the bus, rail, and transport (reefer, trucks & trailers). The areas of retail (supermarkets) and food processing as the most important stationary applications complete the Bock Group's product range. International customers are supported in over 10 sales locations worldwide. Bock was founded in 1932 and is based in Frickenhausen, Germany.

Buy -

Seller(S) 1

SELLER

Eaton

Dublin, Ireland

Category Company
Founded 1911
Sector Electrical Equipment
Employees92,000
Revenue 23.2B USD (2023)
DESCRIPTION
Eaton's operational headquarters in Beachwood, Ohio.
Eaton's operational headquarters in Beachwood, Ohio.

Eaton is a diversified power management company specializing in electrical, aerospace, hydraulic, and vehicle technologies. Eaton offers a broad portfolio of solutions designed to address the complex challenges of modern industries and infrastructure. Their products encompass a wide range, including electrical distribution and control equipment, energy management systems, aerospace components and systems, hydraulic systems and services, and automotive drivetrain and powertrain systems. Eaton's operational headquarters are in Beachwood, Ohio and its business headquarters is in Dublin, Ireland.


DEAL STATS #
Overall 11 of 11
Sector (Machinery) 2 of 2
Type (Divestiture) 9 of 9
Country (Ireland) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Souriau-Sunbank Connection Technologies

Versailles, Pennsylvania, France

Souriau SAS is a provider in connector solutions for industrial, military aeronautics and aerospace applications. The company makes a wide range of interconnection systems for severe environments (high pressure, extreme temperature, marine environments, exposure to electromagnetic or nuclear radiation, etc.)

Buy $920M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Power Distribution

Richmond, Virginia, United States

Power Distribution, Inc. is a designer and manufacturer of power distribution equipment for the North America data center market. Power Distribution produces power distribution units, static transfer switches, remote power panels, power conditioning units, medium and low voltage transformers and patented power monitors used mainly in data centre and alternative energy applications. Power Distribution was established in 1978 and is based in Richmond, Virginia.

Buy -