In construction news, Sauer-Danfoss has changed its name to Danfoss and now operates as a new business segment called Danfoss Power Solutions within the Danfoss Group. Danfoss adopted the Sauer-Danfoss business into its business structure through the acquisition earlier this year.
“By joining Danfoss, we become part of one strong global brand with a high level of commitment to R&D. This will drive innovation forward and allow us to stay focused on serving our customers,” says Eric Alström, former Sauer-Danfoss president and CEO who continues this role for the new Danfoss Power Solutions business segment. “The merger also ensures our customers a high degree of continuity. Danfoss has had
a long-standing relationship with Sauer-Danfoss through its board-level involvement, and has helped shape our existing strategy that we will continue to pursue," Alström said.
Danfoss CEO Niels B. Christiansen said the merger is a milestone Danfoss; “This is an extremely important step for the entire Danfoss Group. Sauer-Danfoss is a well-run global company so, for us, it marks the convergence of two equal units that will become stronger as a result. Together, we will discover synergies, learn from each other and build on common principles, bringing long-term benefits for all our customers.”
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