EATON REACHES AGREEMENT TO SELL ITS HYDRAULICS BUSINESS FOR $3.3 BILLION

EATON REACHES AGREEMENT TO SELL ITS HYDRAULICS BUSINESS FOR $3.3 BILLION

According to the recent announcement from the power management company Eaton, it is selling the hydraulics business to a Danish industrial company Danfoss A/S for $3.3 billion in cash. With respect to its report, Eaton will retain the Filtration and Golf Grip businesses related to the hydraulics segment. The hydraulic division offers hydraulic services and components for equipment.

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