The EU Commission opens an in-depth investigation into the acquisition of a company involved in hydraulic components (Eaton Hydraulics / Danfoss)

Mergers: Commission opens in-depth investigation into the proposed acquisition of Eaton Hydraulics by Danfoss* The European Commission has opened an in-depth investigation to assess the proposed acquisition of Eaton's hydraulics business (“Eaton Hydraulics”) by Danfoss under the EU Merger Regulation. The Commission is concerned that the proposed acquisition may reduce competition in the supply of certain hydraulic components for mobile machinery. Executive Vice-President Margrethe Vestager, in charge of competition policy, said:”Danfoss and Eaton are both strong players in hydraulic components globally. Manufacturers and distributors active in agricultural and construction machinery depend on access to these components at fair prices for their

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European Commission, The EU Commission opens an in-depth investigation into the acquisition of a company involved in hydraulic components (Eaton Hydraulics / Danfoss), 21 September 2020, e-Competitions September 2020, Art. N° 96838

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