Danfoss Power Solutions is investing more than 100 million euros to fuel future growth and improved delivery for you!
With the challenges of COVID-19 now relenting, Danfoss Power Solutions is experiencing tremendous growth. The measures we have taken to protect our business during the global pandemic are paying off and we’re emerging stronger than ever before.
Following the closing of our acquisition of Eaton Hydraulics, we are now working diligently through the merger process in creating the new Danfoss Power Solutions – and a stronger global partner for you.
Beyond the tremendous growth opportunities that Eaton Hydraulics business provides, Danfoss Power Solutions is investing more than 100 million euros in additional CAPEX (capital expenditures) investments to support future organic growth.
“These are very exciting times for us,” said Daniel Winter, Chief Financial Officer – Danfoss Power Solutions. “Not every company can realize such strong growth, while executing bold investment plans coming out of the COVID-19 crisis. We have this opportunity because of the dedicated efforts of our employees and strong financial position.”
The CAPEX investments will help alleviate internal production capacity constraints across all Danfoss Power Solutions divisions. The Hydrostatics division, for example, will receive significant capital investments to fund capacity projects and localization strategies.
The investments will provide some welcome support, as Danfoss Power Solutions continues to work through the backlog of customer orders, and supply chain and logistical obstacles created by COVID-19.
Specifically, the investment will be used to address clear priorities in our production operations, such as our localization strategy, factory maintenance and capacity increases.
Going forward, we believe these CAPEX investments will culminate in bringing shorter order lead times for you!
Daniel said many of the CAPEX projects are already underway in various phases across our business segment – all of which will provide us with the ability to further improve our delivery to you and better support and enable your growth strategies.