AMES, Iowa, April 2 /PRNewswire-FirstCall/ -_ Sauer-Danfoss Inc.
(NYSE: SHS; Frankfurt: SAR) today announced the acquisition of the low voltage
motor business of Thrige Electric as previously disclosed. The acquisition
includes factories in Odense, Denmark; Berching, Germany; and a 40% minority
interest in Schwarzmuller GmbH, Kaiserslautern, Germany. At the same time
Sauer-Danfoss acquired the remaining 60% of Schwarzmuller GmbH from Thomas
Schwarzmuller. Terms of the agreements were not disclosed.
Thrige Electric is engaged in the production of low voltage motors and
integrated pump, steering or drive units used primarily in mobile machines in
the material handling market. The company has approximately 450 employees and
annual sales of approximately $50 Million. Thrige Electric is a worldwide
leader in manufacturing such motors.
Schwarzmuller GmbH, founded in 1994 by Thomas Schwarzmuller, produces
battery-powered inverters for low voltage AC (alternate current) motors used
primarily in mobile machines in the material handling market. The company has
approximately 20 employees and generates annual sales of approximately
With this strategic acquisition, Sauer-Danfoss adds new drive technology
to its existing well-positioned portfolio in hydrostatic systems. "We want to
establish electric power technology in Sauer-Danfoss in parallel with
hydrostatics to meet current and future demands of the material handling
market," commented Klaus Murmann, chairman of Sauer-Danfoss Inc. "It is our
goal to make Sauer-Danfoss the preferred supplier of battery-powered inverters
and electric motors. The acquisition of Schwarzmuller provides inverter
expertise and a broad product range," continued Murmann.
Sauer-Danfoss started its activities in power electronics in 1997 with the
development of an integrated electronic power steering EPS and later with a
battery-powered inverter. Both products were launched last year and are an
ideal fit with these newly acquired product lines. The acquisition of Thrige
Electric will strengthen Sauer-Danfoss' position as a system supplier in
electric drives, and will provide state-of-the-art motor technology and access
to the low voltage electric drive train customers in mobile applications for
both AC (alternate current) and DC (direct current). Thrige Electric and
Schwarzmuller will join the Sauer-Danfoss Electrohydraulics global business
unit, which is headed by Albert Zahalka, Vice President - Electrohydraulics.
The CeMat fair, held April 15-20 in Hanover, Germany, will be the first
trade show displaying the combined product lines. Product offerings will be
for the material handling and aerial lift markets.
Sauer-Danfoss Inc. is a worldwide leader in the design, manufacture and
sale of engineered hydraulic systems, components, and electronics for use
primarily in applications of mobile equipment. Sauer-Danfoss, with
approximately 7,000 employees worldwide and sales of about $950 million, has
manufacturing and engineering capabilities in Europe, the Americas, and the
Asia-Pacific region, and principal business centers in Ames, Iowa; Neumunster,
Germany; and Nordborg, Denmark. More details online at
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SOURCE Sauer-Danfoss Inc.