Announced
Financials
Sources
Tags
Majority
Cross Border
Friendly
Private
Pending
Single Bidder
Machinery: Industrial
mobile hydraulics
Acquisition
United States
industrial engineering
Synopsis
Interpump, an Italian company specialized in the production of high and very high pressure water pumps, agreed to acquire White Drive Motors & Steering, a global producer of orbital motors and hydraulic steering units for mobile applications, from Danfoss, a provider of mobile hydraulics for the construction, agriculture and other off-highway vehicle markets, for €270m. "This acquisition, the most significant in Interpump’s history, will expand our product offering to include orbital motors and steering systems, reinforcing our role as a global player in hydraulics," Fulvio Montipò, Interpump Group Chairman.
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