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power solutions type private industry hydraulic and electronic systems and components predecessor sundstrand sundstrand sauer sauer sundstrand and danfoss fluid power merger sauer danfoss founded rockford illinois united states ; neum nster germany ; nordborg denmark key people eric alstr m niels b. christiansen products mobile electronics orbital motors piston pumps & motors steering and valves parent danfoss a s website danfoss.com 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 1 history 1.1 sauer sundstrand 1.2 danfoss fluid power 2 products 3 main markets 4 global presence 4.1 manufacturing and engineering locations 4.2 sales offices 5 corporate governance 5.1 executive officers 6 restatement 7 references 8 external links history edit 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 2013 name changed from sauer danfoss to danfoss power solutions on september 17 2013 2013 danfoss a s acquired all remaining publicly held shares of sauer danfoss inc. 2009 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 % . 2008 danfoss a s acquires a controlling interest in sauer danfoss inc. from sauer holding gmbh russian sales company established 2007 acquisition of diesella produktion denmark 2004 south korean sales company established 2003 acquisition of comatrol s.p. a. italy 2002 acquisition of thrige electric germany denmark joint venture with topcon laser systems inc. usa 2001 joint venture with daikin industries ltd. japan acquisition of hidrover v lvulas 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 2000 acquisition of integrated control technologies uk merger sauer danfoss inc. acquisition of cde custom design electronics sweden 1998 sauer inc. initial public offering danfoss fluid power a s established 1996 acquisition of pilmet s.a. poland 1995 slovakian production started chinese production started 1991 hydro gear joint venture usa acquisition of webster fluid controls usa 1990 acquisition of dukes fluid power usa 1989 sauer sundstrand merger 1987 sundstrand sauer joint venture 1981 acquisition of plessey gear pump uk italy acquisition of mobile controls division of honeywell usa 1967 sauer getriebe 1961 sundstrand hydro transmission danfoss hydraulic products char lynn license sauer sundstrand edit 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 edit 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 edit hydrostatic transmissions hydraulic electric and electrohydraulic power steering axial piston pumps and motors bent axis motors orbital motors transit mixer drives proportional valves hydrostatic transaxles fan drive systems microcontrollers and software joysticks and control handles displays and sensors main markets edit agriculture construction material handling road building turf care forestry specialty global presence edit manufacturing and engineering locations edit lmhult sweden ames iowa usa bielany wroclawskie poland bologna italy caxias do sul brazil dubnica nad v hom slovakia easley south carolina usa freeport illinois usa kaiserslautern germany minneapolis minnesota usa neum nster germany nordborg denmark osaka japan pova sk bystrica slovakia pune india reggio emilia italy shanghai china wroc aw poland haiyan china sales offices edit bologna italy brussels ternat belgium dammarie les lys france espoo finland gouda netherlands madrid spain moscow russia offenbach germany osaka japan s o paulo brazil seoul korea shanghai china silkeborg denmark singapore skui norway stockholm sweden sydney australia swindon uk corporate governance edit executive officers edit eric alstr m president & chief executive officer marc weston chief marketing officer & senior vice president daniel winter senior vice president finance thomas kaiser president hydrostatics division domenico traverso president work function division henrik v. j rgensen president controls division tbd vice president human resources restatement edit 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 . 1 references edit sauer danfoss inc.reports fourth quarter 2003 results . external links edit company website hoovers retrieved from https en.wikipedia.org w index.php title danfoss power solutions & oldid 727640142 categories companies formerly listed on the new york stock exchangecompanies based in rockford illinoishidden categories articles with a promotional tone from august 2013all articles with a promotional tonewikipedia articles with possible conflicts of interest from august 2013wikipedia articles needing style editing from august 2013all articles needing style editingpages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial 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