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Danfoss' Acquisition of Sauer-Danfoss Signifies Investment in North America
Sauer-Danfoss changes name to Danfoss – operating as a new business segment called Danfoss Power Solutions, expands North America footprint
BALTIMORE – After more than 10 years as part-owner, Danfoss has now officially brought the Sauer-Danfoss business wholly into its business structure through an acquisition completed earlier this year – expanding the company’s business to include mobile hydraulic and electrohydraulic solutions. With North American headquarters in Ames, Iowa, the acquisition of Sauer-Danfoss signifies Danfoss’ continued dedication to the North American market.
“North America is the largest market for Danfoss, explained John Galyen, president, Danfoss North America. “We’re continuing to invest and expand our footprint here, and the addition of Sauer-Danfoss is another hallmark of our dedication to growth in the marketplace as a provider of innovative technologies.”
The full acquisition also is a milestone for Danfoss globally. “This is an extremely important step for the entire Danfoss Group,” noted Danfoss President and CEO Niels B. Christiansen. “Sauer-Danfoss is a well-run global company, so, for us, it marks the convergence of two equal units that will become stronger as a result.”
As part of the acquisition process, Sauer-Danfoss changed its name to Danfoss Power Solutions, a new business segment within the Danfoss Group.
As one of the largest companies in the mobile hydraulics industries and with more than 50 years of experience, Danfoss Power Solutions provides OEM customers off-the-shelf components and custom-engineered system solutions, including the controlling electronics and software, for off-highway vehicles designed for agriculture, construction, material handling, road building, turf care, and specialty applications. These systems help manufacturers more effectively control every function of their machinery – from basic vehicle movement to complex work tasks.
For more information about Danfoss Power Solutions, visit www.powersolutions.danfoss.com.
One Strong Global Brand, Local Impact
“By joining Danfoss, we become part of one strong global brand with a high level of commitment to research and development,” said Eric Alström, former Sauer-Danfoss president and CEO, who continues in this role for the new Danfoss Power Solutions business segment.
Globally, Danfoss Power Solutions employs approximately 6,400 employees and has 19 manufacturing and engineering facilities, as well as sales companies and a large number of distributors.
In North America, the integration of Danfoss Power Solutions into the Danfoss Group is significant, adding five new locations to the company’s footprint and about 2,000 employees.
For more information, please visit www.danfoss.us.
More From 4/24/2014 on FacilitiesNet