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February 2001
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Sauer-Danfoss and Topcon to form joint venture
Ames, Iowa, Feb. 2-- Sauer-Danfoss Inc.
has entered into an agreement
with Topcon Laser Systems, Inc. to create a new joint venture company. The
new company, which will be called TSD Integrated Controls ("TSD"), will focus
on the development and marketing of electronic systems used to control the
work functions of off-highway vehicles.
Tim Kramer of Sauer-Danfoss, who will become General Manager for the
company, commented, "TSD was formed to focus the strengths of two market
leaders to develop truly integrated and sophisticated positioning solutions
for the manufacturers of off-highway equipment. Sauer-Danfoss has a strong
market presence with equipment manufacturers in North America and worldwide,
and Topcon has the most innovative positioning technology in the industry.
The combination of these strengths will provide a standardized solution to the
task of adding automated positioning and machine management control systems to
off-highway equipment."
TSD Integrated Controls will operate as a completely separate entity and
initially will be co-located with its parent companies of Sauer-Danfoss in
Minneapolis, Minnesota, and Topcon Laser Systems in Pleasanton, California.
TSD will begin operations on April 1, 2001.
Topcon Laser Systems, Inc. is a leading manufacturer of positioning
control systems for use primarily in the construction and agricultural
industries. Its systems employ laser, sonic, GPS and electro-hydraulic
technology.
Web - http://www.topconlaser.com
Sauer-Danfoss Inc. is a design, manufacture and
Sales co. of engineered hydraulic systems and components for use primarily in
applications of off-highway mobile equipment. Sauer-Danfoss, with
approximately 7,000 employees worldwide and sales of about $950 million, has
manufacturing and engineering capabilities in Europe, the United States and
China, and principal business centers in Ames, Iowa; Neumunster, Germany; and
Nordborg, Denmark.
Web -http://www.sauer-danfoss.com
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