Danfoss acquired Hydraulik Nord Fluidtechnik.

Danfoss, which manufactures products and provides services used in cooling food, air conditioning, heating buildings, controlling electric motors, gas compressors, variable-frequency drives and powering mobile machinery, acquired Hydraulik Nord Fluidtechnik, a well-established supplier of hydraulic steering solutions based in Parchim in Germany. Financial terms were not disclosed. “Innovative and efficient product offerings to the agriculture market is vital for tomorrow’s food supply, and this acquisition confirms our strategic focus on building leading positions in our core businesses. With Hydraulik Nord Fluidtechnik as part of our mobile hydraulics business, we will have an even more competitive product offering from which our customers within agriculture and other segments will benefit,” says Eric Alström, President, Danfoss Power Solutions.