Danfoss Group has acquired Propulsys, Inc., a leader in hydraulic motors, in a move expected to enhance innovation and market presence in the hydraulic systems sector.
Target Company Overview
Propulsys, Inc., operating under the name White Drive Products, is a premier manufacturer specializing in hydraulic motors. Established in 1976 and headquartered in Hopkinsville, Kentucky, the company boasts a significant global presence with production facilities in both the United States and Zhenjiang, China. With a workforce exceeding 700 employees, White Drive Products reported annual revenues surpassing $100 million in the previous fiscal year.
The company has made a name for itself in the hydraulic motor sector, demonstrating a strong commitment to innovation and quality. By combining advanced engineering with robust manufacturing processes, White Drive Products has successfully positioned itself as a leader in this specialized market.
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Industry Overview in the United States
The hydraulic motor industry in the United States is characterized by its dynamic growth and technological advancements. As a vital component in various applications, hydraulic motors are utilized
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The Danfoss Group
invested in
Propulsys, Inc.
in 2023
in a Corporate VC deal
Disclosed details
Revenue: $100M