EU to investigate Eaton's $3.3 billion sale of hydraulics unit to Danfoss

This post was originally published on this site

As both are leading manufacturers of hydraulic components for mobile machinery globally, the deal would remove one of the main competitors, the European Commission said in a statement.

“The transaction may lead to a reduced choice in suppliers, as well as higher prices, for certain hydraulic components for mobile applications, including hydraulic steering units, electrohydraulic steering valves, and orbital motors,” the EU competition enforcer said.

It added that it had until Feb. 3 to take a decision.

Add Comment