Eaton (ETN) said that the U.S. District Court for the District of Columbia has approved an order paving the way for the sale of the company's Hydraulics business to Danfoss A/S.
The company now has all the regulatory approvals it needs to close the transaction. Eaton currently expects the sale to close August 2, 2021.
Eaton's 2020 revenues were $17.9 billion, and it sells products to customers in more than 175 countries. It has approximately 96,000 employees.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.