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.
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
Name changed from Sauer-Danfoss to Danfoss Power Solutions on September 17, 2013
Danfoss A/S acquired all remaining publicly held shares of Sauer-Danfoss Inc.
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%.
Danfoss A/S acquires a controlling interest in Sauer-Danfoss Inc. from Sauer Holding GmbH
Russian sales company established
Acquisition of Diesella Produktion, Denmark
South Korean sales company established
Acquisition of Comatrol S.p. A., Italy
Acquisition of Thrige Electric, Germany/Denmark
Joint-venture with Topcon Laser Systems Inc., USA
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
Acquisition of Integrated Control Technologies, UK
MERGER – SAUER-DANFOSS INC.
Acquisition of CDE Custom Design Electronics, Sweden
Sauer Inc. Initial Public Offering
Danfoss Fluid Power A/S established
Acquisition of Pilmet S.A., Poland
Slovakian production started
Chinese production started
Hydro-Gear joint-venture, USA
Acquisition of Webster Fluid Controls, USA
Acquisition of Dukes Fluid Power, USA
Acquisition of Plessey Gear Pump, UK/Italy
Acquisition of Mobile Controls Division of Honeywell, USA
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.
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.
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.