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Eaton to Acquire US Power Distribution to Expand Distribution/Monitoring Solutions for Data Centres
Tuesday 04 February 2020

4 February 2020 - Dublin-based power management company Eaton (NYSE: ETN) has agreed to acquire Virginia-based mission-critical power distributors Power Distribution, Inc., to better serve data customers with power distribution and monitoring solutions, the company said.
Terms of the transaction have not been disclosed. The transaction is subject to customary closing conditions and is expected to close in the first quarter of this year.
Eaton's mission is to improve the quality of life and the environment through the use of power management technologies and services.
The company provides sustainable solutions that help customers manage electrical, hydraulic, and mechanical power more safely, more efficiently, and more reliably.
Power Distribution had 2019 sales of USD 125m.
Details
Date Published: 04/02/2020
Target: Power Distribution, Inc
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Eaton
Comment:
Terms of the deal were not disclosed

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