Diversified industrial manufacturer Eaton Corp., Cleveland, OH, plans to acquire two electrical suppliers -one in Europe and one in Asia-Pacific. The acquisitions’ combined estimated sales for the year ended Dec. 31, 2007, are $2 billion.
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When the acquisitions close, Eaton’s electrical business will have annual sales of more than $7.5 billion.
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The European acquisition is of The Moeller Group, Bonn, Germany, a supplier of components for commercial and residential building applications, and industrial controls for industrial equipment applications. The company sells products primarily to customers in Western and Eastern Europe and in Asia Pacific. The agreed purchase price for Moeller is & euro; 1.55 billion (US$2.23 billion).
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The Moeller Group …
Eaton to Acquire Two Electrical Suppliers for $2.7B
Diversified industrial manufacturer Eaton Corp., Cleveland, OH, plans to acquire two electrical suppliers -one in Europe and one in Asia-Pacific. The acquisitions’ combined estimated sales for the year ended Dec. 31, 2007, are $2 billion.
  ;
When the acquisitions close, Eaton’s electrical business will have annual sales of more than $7.5 billion.
  ;
The European acquisition is of The Moeller Group, Bonn, Germany, a supplier of components for commercial and residential building applications, and industrial controls for industrial equipment applications. The company sells products primarily to customers in Western and Eastern Europe and in Asia Pacific. The agreed purchase price for Moeller is & euro; 1.55 billion (US$2.23 billion).
  ;
The Moeller Group …
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- Filed In: Companies, Electrical, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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