The EU Commission clears subject to conditions a merger between two energy providers (Eaton Hydraulics / Danfoss)

Mergers: Commission clears acquisition of Eaton Hydraulics by Danfoss, subject to conditions* The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Eaton's hydraulics business (“Eaton Hydraulics”) by Danfoss. The approval is conditional on full compliance with the commitments offered by Danfoss. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: "Danfoss and Eaton are both leading players in hydraulic components globally. Manufacturers of agricultural and construction machinery depend on these components for manufacturing innovative and price competitive products. Thanks to the commitments offered by the two companies, these customers will continue benefit from competitive prices and have choice of innovative

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European Commission, The EU Commission clears subject to conditions a merger between two energy providers (Eaton Hydraulics / Danfoss), 18 March 2021, e-Competitions February 2021, Art. N° 99740

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