December 27, 2014 9:51 AM ET

Machinery

Company Overview of Danfoss Power Solutions Inc.

Company Overview

Danfoss Power Solutions Inc., together with its subsidiaries, designs, manufactures, and sells engineered hydraulic and electronic systems, and components that generate, transmit, and control power in mobile equipment worldwide. The company’s Hydrostatics segment offers closed circuit axial and bent axis piston hydrostatic transmissions for the propulsion of mobile equipment; and open circuit piston pumps used to transform mechanical power from the engine to hydraulic power for various functions of the vehicle. Its Work Function segment provides a line of geroller and gerotor motors used for propel and work functions; and hydrostatic steering units that convert steering wheel motion into hyd...

2800 East 13th Street

Ames, IA 50010

United States

Founded in 1986

6,400 Employees

Phone:

515-239-6000

Fax:

515-239-6318

Key Executives for Danfoss Power Solutions Inc.

Chief Executive Officer and President
Age: 48
Chairman Emeritus and Non-Voting Advisor
Age: 82
Chief Financial Officer
Age: 45
Executive Vice President and President of Work Function Division
Age: 52
Executive Vice President and President of Hydrostatics Division
Age: 52
Compensation as of Fiscal Year 2014.

Danfoss Power Solutions Inc. Key Developments

Sauer-Danfoss Inc., Annual General Meeting, Jun 06, 2013

Sauer-Danfoss Inc., Annual General Meeting, Jun 06, 2013., at 08:30 China Standard Time. Location: Park Hyatt Shanghai. Agenda: To elect ten directors for a term expiring at the annual meeting of stockholders to be held in 2013 and until their respective successors are duly elected and shall qualify; to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for 2012; and to transact such other business as may properly come before the meeting or any postponement or adjournment.

Sauer-Danfoss Inc. Announces Board Changes; Announces Amendments to the Certificate of Incorporation

On April 12, 2013 effective upon the consummation of the Merger, each of the following members of the Sauer-Danfoss Inc.'s Board of Directors resigned from the Board: Eric Alstrom, Niels B. Christiansen, Jørgen M. Clausen, Kim Fausing, Richard J. Freeland, Per Have, William E. Hoover, Jr., Johannes F. Kirchhoff, Anders Stahlschmidt, and Steven H. Wood. Pursuant to the terms of the merger agreement, on April 12, 2013, the sole director of merger sub immediately prior to the effective time, which was Anders Stahlschmidt, became the sole director of the company following the consummation of the merger. Later on April 12, 2013, Mr. Christiansen, Mr. Fausing, and Mr. Have were appointed as directors of the company and Mr. Stahlschmidt resigned as a director of the company. Pursuant to the merger agreement, at the effective time, the company’s amended and restated certificate of incorporation, as in effect immediately prior to the effective time, was amended and restated in its entirety to conform to Exhibit B of the merger agreement.

Sauer-Danfoss Inc. Declares Quarterly Dividend, Payable on March 29, 2013

Sauer-Danfoss Inc. declared a dividend for the first quarter of 2013 in which stockholders as of March 15, 2013 will receive a cash dividend of $0.35 per share, payable on March 29, 2013.

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