Danfoss Acquires Sauer-Danfoss, Converting it to Wholly Owned Entity
After more than 10 years as part-owner, Danfoss has brought the Sauer-Danfoss business wholly into its business structure through an acquisition completed earlier this year. The move for the Baltimore-based company expands its 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, according to the company. “North America is the largest market for Danfoss,” says 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.”
As part of the acquisition process, Sauer-Danfoss changed its name to Danfoss Power Solutions, a new business segment within the Danfoss Group.
For more information about Danfoss Power Solutions, visit www.powersolutions.danfoss.com.