Oct. 15, 2013: Danfoss Acquires Full Ownership of Sauer-Danfoss
Sauer-Danfoss Changes Its Name to Danfoss Power Solutions
“North America is the largest market for Danfoss,” said 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 has changed its name to Danfoss Power Solutions, a new business segment within the Danfoss Group.
“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.
For more information about Danfoss Power Solutions, visit www.powersolutions.danfoss.com.
For more information about Danfoss, visit www.danfoss.us.
Publication date: 10/14/2013