January 21, 2020 / 9:46 PM / a month ago

Eaton to sell hydraulics business for $3.3 billion

Jan 21 (Reuters) - Power management company Eaton Corp said on Tuesday it had agreed to sell its hydraulics business to Danish industrial company Danfoss A/S for $3.3 billion in cash.

However, Eaton said it would retain its filtration and golf grip businesses currently reported under the hydraulics segment. (Reporting by Dominic Roshan K. L. in Bengaluru; Editing by Maju Samuel)

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