Eaton to divest hydraulics business to Danfoss for $3.3bn
Eaton, a US power management company, has signed an all-cash deal worth $3.3 billion to sell its hydraulics business to Danish industrial company Danfoss. The divested hydraulics business is said to have accounted for 86% of Eaton’s hydraulics segment revenue last year. The business is claimed to be among the top players in the world […]