Derby County have broken their transfer record with the £3.5million acquisition of Robert Earnshaw from Norwich City.
Davies feels the 26-year-old has all the attributes to be a success at Pride Park, confident that the former Cardiff City favourite will prove to be real value for money.
"We are delighted to have a new striker on board with a fantastic track record in terms of goals scored at every level he has played, including the Premier League and internationals," said Davies.
"Robert is a fantastic addition to my squad and I'm sure the fans will be excited that we have a new fox in the box for the new season."