Oct. 15, 2013: Danfoss Acquires Full Ownership of Sauer-Danfoss
Sauer-Danfoss Changes Its Name to Danfoss Power Solutions
BALTIMORE — After more than 10 years as part-owner, Danfoss has officially brought the Sauer-Danfoss business wholly into its business structure by acquiring full ownership, expanding the company’s business to include mobile hydraulic and electrohydraulic solutions. With North American headquarters in Ames, Iowa, Danfoss said the acquisition of Sauer-Danfoss signifies its continued dedication to the North American market.
“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.”