Sauer-Danfoss Inc. Acquires the Low Voltage Motor Business of Thrige Electric, A Subsidiary of Thrige-Titan A/S, and Schwarzmuller GmbH

Apr 02, 2002, 00:00 ET from Sauer-Danfoss Inc.

    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
 $2 Million.
     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.