Danfoss’ $3.3 Billion Acquisition of Eaton’s Hydraulics Business

Winston & Strawn, Veirano Advogados, Hogan Lovells, Nautadutilh, Brodies , Creel, Deheng Law, Leeko, J. Sagar Associates, Nagashima Ohno & Tsunematsu, Nagashima Ohno & Tsunematsu and Paksoy represented Danfoss in the transaction. Gibson & Dunn advised Eaton

Danfoss executed the acquisition of Eaton’s Hydraulics business for a cash purchase price of $3.3 billion USD (approximately 3.0 billion EUR).

The Danfoss and Eaton Hydraulics businesses are leaders in the industry and have many organizational similarities, including company culture and a focus on customers, R&D and quality. Both businesses are global with complementary geographic footprints and the combined business creates a broader presence across the world. Furthermore, the acquisition will enable Danfoss to enter the industrial hydraulics market that is served by Eaton Hydraulics.

Eaton’s Hydraulics business provides products for customers in markets such as agriculture, construction, and in industrial market segments.

Winston deal team was led by New York Partner Uri Doron (Picture) and included Partners Jared Manes (New York), Neely Agin (DC), Scott Landau (New York), Becky Troutman (San Fransisco), Doug Yeager (Houston), Rob Heller (New York), Chris Monahan (DC), Francesca Guerrero (DC), Eleni Kouimelis (Chicago), and Conor Reidy (Chicago).

Veirano advised Danfoss with a team including Alex Backsmann, Graziela Lima, Maria Leticia Goes, Silvia Araujo, Evelyn Rollo, Priscila Yoshikawa, Filipe Richter, Luiza Leal, Renata Gomes, Flavio Volpe, Amanda Rudzit, Fabio Pereira, Adriana Rollo, Mariana Villela, Rodrigo Santos, Raphael Moreira Espirito Santo, Bruno Caliman, Renata Stein, Felipe Bastos, Andrea Piccolo, Marta Saad, Mariana Leiva, Ana Luci Grizzi, Julia Ferreira.

Involved fees earner: Till Alexander Backsmann – Veirano Advogados; Felipe Bastos – Veirano Advogados; Bruno Caliman – Veirano Advogados; Filipe Carra Richter – Veirano Advogados; Maria Letícia Curtolo de Goes – Veirano Advogados; Julia Filipini Ferreira – Veirano Advogados; Renata Gomes – Veirano Advogados; Flavio Junqueira Volpe – Veirano Advogados; Luiza Leal – Veirano Advogados; Mariana Leiva – Veirano Advogados; Ana Luci Grizzi – Veirano Advogados; Amanda Mattos Rudzit – Veirano Advogados; Raphael Moreira Espírito Santo – Veirano Advogados; Fabio Pereira – Veirano Advogados; Andrea Piccolo – Veirano Advogados; Graziela Pinto Lima Galves – Veirano Advogados; Evelyn Pontes Rolo – Veirano Advogados; Priscila Yoshikawa – Veirano Advogados; Adriana Rollo – Veirano Advogados; Marta Saad – Veirano Advogados; Rodrigo Santos – Veirano Advogados; Silvia Araujo – Veirano Advogados; Renata Stein Lopes – Veirano Advogados; Mariana Villela – Veirano Advogados; Neely Beth Agin – Winston & Strawn; Uri Doron – Winston & Strawn; Francesca Guerrero – Winston & Strawn; Robert Heller – Winston & Strawn; Eleni Kouimelis – Winston & Strawn; Scott Landau – Winston & Strawn; Jared Manes – Winston & Strawn; Christopher Monahan – Winston & Strawn; Conor Reidy – Winston & Strawn; Becky Troutman – Winston & Strawn; Douglas Yeager – Winston & Strawn;

Law Firms: Veirano Advogados; Winston & Strawn;

Clients: Danfoss;