Danfoss’ acquisition of Eaton’s Hydraulics not opposedChristian Fernsby ▼ | October 19, 2020
The ACCC in Australia will not oppose Danfoss A/S’s proposed acquisition of Eaton Corporation plc’s hydraulics business.
Hydraulics Eaton Corporation
Topics: Danfoss Eaton
In Australia, their products are supplied through distributors, and directly to original equipment manufacturers.
“Following the proposed acquisition, Danfoss and Eaton would continue to face strong competition from Bosch Rexroth, Parker Hannifin, M+S and other overseas suppliers,” ACCC Commissioner Stephen Ridgeway said.
“All hydraulics systems and components are imported into Australia. Market participants did not identify any products for which other imports are not readily available.”
“Given the information we obtained and feedback from the market, we concluded that this transaction would not substantially lessen competition in any relevant hydraulics market,” Mr Ridgeway said. ■