Posted to News on 20th Sep 2016, 16:11
Danfoss becomes the world's no. 1 for hydraulic motors
The Danfoss Group can now call itself the world leader in hydraulic motors after closing its bid to acquire US-based White Drive Products Inc. The acquisition was finalised when competition authorities gave their approval.
Based in Hopkinsville, Kentucky, White Drive Products brings a strong portfolio, recognised expertise and significant capacity to the global Danfoss organisation. The business will be integrated in Danfoss Power Solutions, already a strong force in mobile hydraulics for construction, agriculture and other off-highway vehicles.
While Danfoss has a very strong presence in the European market for hydraulic motors, White Drive Products has achieved particular success in North America and China. This combined strength and application knowhow will target faster growth and market leadership in all regions by delivering an even more comprehensive product offering to the mobile machine industry.
Domenico Traverso, president of the work function division, Danfoss Power Solutions says: "White Drive Products is widely recognized for excellence in hydraulic drive products and is a perfect fit for our mobile hydraulics business. With its integration in our business, we stand even stronger in international markets."
Hollis White, founder of White Drive Products, calls the acquisition a fantastic growth opportunity for both companies. He says: "Both companies started in the orbital motor business around 1963 and this is a perfect fit for the two of us to survive in the world challenges. It gives us more capacity and investment for greater innovation, market synergies and growth. We are proud that Danfoss has chosen to build upon our legacy of innovation and entrepreneurship."
Danfoss will keep customers, suppliers and employees informed as the integration progresses. More information can be found at powersolutions.danfoss.com and www.whitedriveproducts.com.
