Update on the sale of White Drive Motors & Steering

Dear customers,

As you might be already aware, earlier this year, Danfoss Power Solutions established White Drive Motors & Steering as a stand-alone business unit. At the same time, Danfoss began preparations to sell this business unit with the aim to meet the regulatory approvals needed to close the acquisition of Eaton Hydraulics, which was announced last year.

At the beginning of this month, it was confirmed that a binding agreement has been signed with the Interpump Group S.p.A., who will become the owner of White Drive Motors & Steering in the fourth quarter of this year. Once the transaction has been closed, White Drive Motors & Steering will operate as an integrated part of the company.

As our valued customers, we would like to assure you that there will be no change in the product portfolio or services that we currently offer. Since we already represent some of the Interpump Group companies in the Czech Republic (e.g. Reggiana Riduttori), we expect a fully smooth transition as far as the co-operation with White Drive Motors & Steering is concerned.

While we will add the White Drive Motors & Steering to our list of partners, the portfolio of well-established orbital motors and reliable hydraulic & electrohydraulic steering will remain unchanged. That means that you can expect us to continue delivering products of the highest quality that you are used to.

In case you have any questions about the transaction, our managing director Jakub Kejduš will be happy to answer them at jakub.kejdus@technotrade.cz.

We look forward to receiving your future inquiries!

Technotrade team

Jakub Kejduš

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