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Danfoss to divest assets to win EU, US approval for Eaton hydraulics deal

By Andrew Boyce ( January 27, 2021, 18:29 GMT | Insight) -- Danfoss will divest a unit that makes orbital motors and steering products in a bid to win EU and US antitrust approval for its plan to buy Eaton’s hydraulics business, the Danish company said today. “Danfoss is now establishing and preparing to sell a business unit - White Drive Motors & Steering - in an effort to obtain regulatory approvals from the European Commission and the US Department of Justice,” the company said.Danfoss will divest a unit that makes orbital motors and steering products in a bid to win EU and US antitrust approval for its plan to buy Eaton’s hydraulics business, the Danish company said today....

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