Danfoss Power Solutions

Danfoss.svg

Danfoss Power Solutions designs, manufactures, and markets engineered hydraulic and electronic systems and components for use primarily in applications of mobile equipment. The product range serves markets such as agriculture, construction, road building, material handling, municipal, forestry, turf care, and many others. Danfoss Power Solutions has sales, manufacturing, and engineering capabilities in Europe, the Americas, and the Asia-Pacific region.

History

On May 3, 2000, Sauer-Sundstrand and Danfoss Fluid Power A/S became one company under the name of Sauer-Danfoss. On September 17, 2013 Sauer-Danfoss becoming Danfoss Power Solutions a member of The Danfoss Group

2013

Name changed from Sauer-Danfoss to Danfoss Power Solutions on September 17, 2013

2013

Danfoss A/S acquired all remaining publicly held shares of Sauer-Danfoss Inc.

2009

Danfoss A/S purchased the remaining shares of Sauer-Danfoss Inc. held by Sauer Holding GmbH, bringing Danfoss’ share holding in Sauer-Danfoss Inc. to approximately 76%.

2008

Danfoss A/S acquires a controlling interest in Sauer-Danfoss Inc. from Sauer Holding GmbH

Russian sales company established

2007

Acquisition of Diesella Produktion, Denmark

2004

South Korean sales company established

2003

Acquisition of Comatrol S.p. A., Italy

2002

Acquisition of Thrige Electric, Germany/Denmark

Joint-venture with Topcon Laser Systems Inc., USA

2001

Joint-venture with Daikin Industries Ltd., Japan

Acquisition of Hidrover Válvulas S.A., Brazil

Acquisition of Compact Controls, USA

Acquisition of Italdigit S.R.L., Italy

Acquisition of Dantal Hydraulics Ltd., India

Acquisition of Danfoss’ fluid power distribution activities

2000

Acquisition of Integrated Control Technologies, UK

MERGER – SAUER-DANFOSS INC.

Acquisition of CDE Custom Design Electronics, Sweden

1998

Sauer Inc. Initial Public Offering

Danfoss Fluid Power A/S established

1996

Acquisition of Pilmet S.A., Poland

1995

Slovakian production started

Chinese production started

1991

Hydro-Gear joint-venture, USA

Acquisition of Webster Fluid Controls, USA

1990

Acquisition of Dukes Fluid Power, USA

1989

Sauer-Sundstrand merger

1987

Sundstrand-Sauer joint-venture

1981

Acquisition of Plessey Gear Pump, UK/Italy

Acquisition of Mobile Controls Division of Honeywell, USA

1967

Sauer Getriebe

1961

Sundstrand Hydro-Transmission

Danfoss Hydraulic Products + Char-Lynn License

Sauer-Sundstrand

Established as Sundstrand Machine Tools in 1946, the name changed to Sundstrand Corporation in 1959. Gunnar A. Wahlmark was hired as draftsman in 1925. He formed the Sundstrand Hydraulic Division in 1934, the Sundstrand Hydraulic-Transmission Division in 1961, and the Sundstrand Aviation Division in 1945. A joint venture was established under the name Sundstrand-Sauer in 1987 and in 1989 Sundstrand sold its interest and the company name was changed to Sauer-Sundstrand. Sauer Inc., the holding company for all Sauer-Sundstrand activities, went public on the New York stock exchange on May 11, 1998.

Danfoss Fluid Power

Mads Clausen established Danish Refrigeration Controls and Apparatus Manufacturer in 1933, changing its name to Danfoss in 1946. In 1964 the first Danfoss hydraulic product was developed in Nordborg, Denmark. Between 1990 and 1996, multiple acquisitions in the USA and one in Poland brought together a global competency. In 1998, Danfoss Hydraulics became an independent company under the name of Danfoss Fluid Power A/S, setting it apart from the Danfoss core business.

Products

  • Hydrostatic transmissions
  • Hydraulic, electric and electrohydraulic power steering
  • Axial piston pumps and motors
  • Bent axis motors
  • Orbital motors
  • Transit mixer drives
  • Proportional valves
  • Hydrostatic transaxles
  • Fan-drive systems
  • Microcontrollers and software
  • Joysticks and control handles
  • Displays and sensors

Main markets

  • Agriculture
  • Construction
  • Material Handling
  • Road Building
  • Turf Care
  • Specialty

Global presence

Manufacturing and engineering locations

Älmhult, Sweden

Ames, Iowa, USA

Bielany Wroclawskie, Poland

Bologna, Italy

Caxias do Sul, Brazil

Dubnica nad Váhom, Slovakia

Easley, South Carolina, USA

Freeport, Illinois, USA

Kaiserslautern, Germany

Minneapolis, Minnesota, USA

Neumünster, Germany

Nordborg, Denmark

Osaka, Japan

Považská Bystrica, Slovakia

Pune, India

Reggio Emilia, Italy

Shanghai, China

Wrocław, Poland

Sales offices

Bologna, Italy

Brussels (Ternat), Belgium

Dammarie-les-Lys, France

Espoo, Finland

Gouda, Netherlands

Madrid, Spain

Moscow, Russia

Offenbach,Germany

Osaka, Japan

São Paulo, Brazil

Seoul, Korea

Shanghai, China

Silkeborg, Denmark

Singapore

Skui, Norway

Stockholm, Sweden

Sydney, Australia

Swindon, UK

Corporate governance

Executive officers

  • Eric Alström: President & Chief Executive Officer
  • Marc Weston: Chief Marketing Officer & Senior Vice President
  • Daniel Winter: Senior Vice President, Finance
  • Thomas Kaiser: President, Hydrostatics Division
  • Helge Jørgensen: President, Work Function Division
  • Henrik V. Jørgensen: President, Controls Division
  • Sandy Miller: Vice President, Human Resources

Restatement

On February 18, 2004, the Company restated its 2000, 2001, and 2002 annual financial statement results due to accounting errors identified during the closing of its West Branch, Iowa, operations. The errors were associated with the purchase accounting write-up of fixed assets, occurred in 2000 in connection with the closing of its Racine, Wisconsin, facility and relocation of its operations to the West Branch plant.