Danfoss A/S - Eaton Hydraulics

Acquirer(s)

  • Danfoss A/S

Target(s)

  • Eaton Hydraulics

Summary

Danfoss A/S (Danfoss) proposes to acquire the hydraulics business of Eaton Corporation plc (Eaton Hydraulics).

Danfoss and Eaton Hydraulics operate globally and overlap in the supply of hydraulics systems and components to distributors and original equipment manufacturers. In particular, they both supply hydraulic valves and motors for use in on-road and off-road machines and vehicles designed for mechanised tasks (referred to as mobile applications).

Market inquiries

Submissions are invited from interested parties regarding the proposed acquisition.

The closing date for submissions is 6 August 2020. Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title “Submission re: Danfoss/Eaton Hydraulics – attention Elizabeth Elias/Connie Wu”.

Following the closing date, queries regarding the ACCC’s review may be addressed to Elizabeth Elias and Connie Wu at mergers@accc.gov.au. For more details, please refer to the attached market inquiries letter.

Market inquiries

Timeline

DateEvent
16/07/2020ACCC commenced informal review under the Informal Merger Review Process Guidelines.
06/08/2020Closing date for submissions.
24/09/2020Proposed date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).

Project staff

  • Elizabeth Elias
  • Connie Wu

Contact email