Dana Incorporated today announced that it has signed a long-term agreement with Semikron Danfoss, a manufacturer of power modules, to secure the supply of silicon-carbide semiconductors, which are designed to be scalable in multiple-chip formats.
To accelerate the pace of mobile machinery electrification and support original equipment manufacturers with their net-zero goals, Danfoss’ Editron division and Webasto will combine their respective technologies and expertise.
It has been a while since Danfoss announced its plans for the $3.3 billion acquisition of the Eaton Hydraulics business in January 2020 but the Danish company has finally completed the deal having received confirmation of all necessary regulatory approvals and closing conditions.
Danfoss, one of the agricultural machinery industry’s biggest components suppliers, has struck a €3 billion ($3.3 billion) deal to buy the Hydraulics division of Eaton to strengthen its core business.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.