Sauer-Danfoss Inc. and Topcon Positioning Systems, Inc. Enter Into New Phase of Relationship |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Sauer-Danfoss
2800 E. 13th St.
Ames, IA, 50010
USA
Press release date: August 12, 2009
MINNEAPOLIS, Minnesota, USA, August 10, 2009 - TSD Integrated Controls, a joint venture of Sauer- Danfoss Inc. (NYSE:SHS) and Topcon Positioning Systems, Inc., has operated successfully in the Road Building and Agricultural markets since 2001, enjoying unprecedented market growth and product leadership.
Market dynamics in Road Building and Agriculture continue to evolve and as a result, it has been decided jointly by the parent companies to transition the relationship from a joint venture operation to one of Strategic Partnering. The companies believe that this is the best way to serve the future interests of the TSD customer base.
"We have had a very successful joint venture partnership, developing industry-leading solutions like 3DmmGPS-based controls for the asphalt and concrete paving markets, and the TruPath(TM) automated guidance system for the Ag market," commented Bill Welscher, TSD general manager. "This updated arrangement will continue the positive cooperation, but will also allow the parent companies to more fully focus on their individual strengths within their respective technologies."
Beginning on September 1, 2009, all TSD original equipment manufacturer (OEM) customers in the Road Building market will be transferred to Sauer-Danfoss for their commercial relationship and sales support. Topcon will continue to exclusively supply Sauer-Danfoss with various products for this market segment.
For the Ag market, the TruPath autosteer product and other Ag specific products will be supplied directly by Topcon to the current TSD OEM customers.
About Topcon Positioning Systems
Topcon Positioning Systems, Inc., (TPS) designs and manufactures precise positioning products and solutions for the global surveying, construction, agriculture, civil engineering, mapping and GIS, remote asset management and mobile control markets.
About Sauer-Danfoss
Sauer-Danfoss Inc. is a worldwide leader in the design, manufacture, and sale of engineered hydraulic, electric and electronic systems and components for use primarily in applications of mobile equipment. Sauer-Danfoss had revenues of $2.1 billion in 2008 and has sales, manufacturing, and engineering capabilities in Europe, the Americas, and the Asia-Pacific region. More details online at www.sauer-danfoss.com.
|
|
|
|
|
|
| 
