On Monday 21 September, the European Commission opened an in-depth investigation into the proposed acquisition of Eaton's hydraulics business (‘Eaton Hydraulics’) by Danfoss.
BothDanfoss and Eaton are leading manufacturers of hydraulic components globally and the merger would remove one of the main competitors.
Margrethe Vestager, executive vice-president responsible for competition policy, noted that manufacturers and distributors of agricultural and construction machinery “depend on...