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Danfoss Power Solutions

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Danfoss Power Solutions

Danfoss Power Solutions
Type Private
Industry Hydraulic and electronic systems and components
Predecessors Sundstrand, Sundstrand-Sauer, Sauer-Sundstrand and Danfoss Fluid Power (merger), Sauer-Danfoss
Founded Denmark
Number of locations Denmark
Key people Eric Alström, Niels B. Christiansen
Products Mobile electronics, orbital motors, piston pumps & motors, steering and valves
Parent Danfoss A/S
Website Danfoss.com

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.[1]

References

  1. ^ "Sauer-Danfoss Inc.Reports Fourth Quarter 2003 Results". 

External links

  • Company website
  • Hoovers
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