Danfoss, White Drive Deal Approved
By pdamon12 September 2016
The Danfoss Group said the relevant authorities have approved its acquisition of White Drive Products, Hopkinsville, Ky. Danfoss said White Drive Products brings a strong portfolio, recognized expertise and significant capacity to the global Danfoss organization. As detailed in the September Mobile Hydraulic Supplement of Diesel Progress North American, White will be integrated in Danfoss Power Solutions.
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, Danfoss said.
“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,” says Domenico Traverso, president of the work function division, Danfoss Power Solutions.