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Eaton to sell its Hydraulics business for $3.3 billion to Danfoss

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Christian Fernsby ▼ | January 22, 2020
Power management company Eaton announced it has entered into an agreement to sell its Hydraulics business to Danfoss, a Danish industrial company, for $3.3 billion in cash. This represents a 13.2 multiple of 2019 EBITDA.
Acquisition   Danfoss
Eaton’s Hydraulics business, which accounted for 86 percent of Eaton’s Hydraulics segment revenue in 2019, is a global leader in hydraulics components, systems, and services for industrial and mobile equipment. The business had sales of $2.2 billion in 2019 and employs approximately 11,000 people.

Topics: Eaton Danfoss

Eaton is retaining the Filtration and Golf Grip businesses currently reported in the company’s Hydraulics segment.