Eaton Obtains All Regulatory Approvals to Close the Sale of Its Hydraulics Business to Danfoss
21 Luglio 2021 - 12:45PM
Business Wire
Sale expected to close August 2, 2021
Power management company Eaton (NYSE:ETN) is pleased to announce
that the U.S. District Court for the District of Columbia has
approved an order paving the way for the sale of the company’s
Hydraulics business to Danfoss A/S. The company now has all the
regulatory approvals it needs to close the transaction. Eaton
currently expects the sale to close August 2, 2021.
Eaton’s mission is to improve the quality of life and the
environment through the use of power management technologies and
services. We provide sustainable solutions that help our customers
effectively manage electrical, hydraulic, and mechanical power –
more safely, more efficiently, and more reliably. Eaton’s 2020
revenues were $17.9 billion, and we sell products to customers in
more than 175 countries. We have approximately 96,000 employees.
For more information, visit Eaton.com.
This news release contains forward-looking statements about the
expected closing of the sale of our Hydraulics business. These
statements should be used with caution and are subject to various
risks and uncertainties, some of which are outside of the company’s
control. Factors that could cause these statements to become untrue
include possible delay or difficulty closing the transaction. We do
not assume any obligation to update these forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210721005160/en/
Jennifer Tolhurst, Media Relations, +1 (440) 523-4006
jennifertolhurst@eaton.com
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