Eaton to sell its Hydraulics business for $3.3 billion to DanfossChristian 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.
Topics: Eaton Danfoss
Eaton is retaining the Filtration and Golf Grip businesses currently reported in the company’s Hydraulics segment. ■