Danfoss, a Danish industrial company, completed the acquisition of the Hydraulics business of Eaton, an Irish-domiciled multinational power management company, for $3.3bn. “Eaton Hydraulics is a highly respected player in the global hydraulics industry, recognized for its dedicated people and strong brands. By combining the knowledge and experience of these two companies, our customers will benefit from unmatched expertise from a single partner,” Kim Fausing, Danfoss President and Chief Executive Officer. On March 18, 2021; Danfoss receives conditional EU approval for $3.3bn acquisition of hydraulic unit from Eaton.