Danfoss Power Solutions
 | |
| Private | |
| Industry | Hydraulic and electronic systems and components |
| Predecessor | Sundstrand, Sundstrand-Sauer, Sauer-Sundstrand and Danfoss Fluid Power (merger), Sauer-Danfoss |
| Founded | Rockford, Illinois, United States; Neumünster, Germany; Nordborg, 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 company has sales, manufacturing, and engineering capabilities globally.
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
- Forestry
- 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 |
| Haiyan, China |
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
- Domenico Traverso: President, Work Function Division
- Henrik V. Jørgensen: President, Controls Division
- Tbd: 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]