Danish technology group Danfoss taken over Hydraulik Nord Fluidtechnik GmbH & Co. KG

HN Holding GmbH, Schwerin, sells its shares in Hydraulik Nord Fluidtechnik, Parchim, to Danish technology group Danfoss.

Hydraulik Nord Fluidtechnik is active in the field of hydraulic steering systems and is currently developing innovative electrohydraulic steering solutions for mobile hydraulic applications. By combining forces with Danfoss, a strategic platform arises to set new standards in autonomous driving of working machines.

Danfoss has more than 26,000 employees worldwide and is serving customers in over 100 countries around the globe.

The acquisition is subject to necessary approvals by relevant authorities and is expected to be fully completed during the first quarter 2019.

The business unit of components and parts is not subject to the above-mentioned transaction. It will remain at HN Holding as a part of the Hydraulik Nord Group. Based on the technical knowhow and together with the University of Rostock and industrial partners, this business unit is going to realise advanced production technology and new product ideas.

HN Holding GmbH

Dr. Karl Werner                            Dr. Robert Moll                             Annette Schroeder-Smakman

December 2018