Tag Archives: Europe

Danfoss Acquires Eaton’s Hydraulics Unit

Amalgamation of two European industrial giants creates potential powerhouse In an amalgamation of two European industrial mammoths, power management company Eaton announced in a press release January 21 it has entered into an agreement to sell its hydraulics business to Danfoss A/S, the Danish industrial company, for $3.3 billion in cash. The deal combining Dublin-based […]

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Generating Buzz

Energy milestone reached in United Kingdom Official figures produced March 29 by the United Kingdom’s governmental publishing service show an energy milestone was reached in 2017. They show that wind farms and solar panels produced more electricity than the country’s eight nuclear power stations for the first time. Britain’s greenhouse gas emissions also continued to […]

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GE Will Cut 12,000 Jobs

Cuts will come from GE Power; at least half will be in Europe General Electric will eliminate approximately 12,000 positions from its power division, GE Power, affecting both professional and production employees, the company announced today. The “headcount reductions,” as GE calls them, are a result of prior miscalculations of the sectors demand for coal […]

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