Type Private Headquarters Ames, Iowa, United States | Website Danfoss.com Parent organizations Danfoss, Danfoss A/S | |
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Industry Hydraulic and electronic systems and components Predecessor Sundstrand, Sundstrand-Sauer, Sauer-Sundstrand and Danfoss Fluid Power (merger), Sauer-Danfoss Key people Eric Alström, Niels B. Christiansen Products Mobile electronics, orbital motors, piston pumps & motors, steering and valves CEO Eric Alstrom (10 Sep 2012–) Founded 2000, Rockford, Illinois, United States Subsidiaries Sauer-Danfoss ApS, Sauer Danfoss Daikin Ltd Profiles | ||
Danfoss power solutions engineering tomorrow
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.
Contents
- Danfoss power solutions engineering tomorrow
- Danfoss power solutions
- History
- Sauer Sundstrand
- Danfoss Fluid Power
- Products
- Main markets
- Executive officers
- Restatement
- References
Danfoss power solutions
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
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
Main markets
Executive officers
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.