Eaton Acquisitions 1
Eaton acquired Power Distribution Inc, SOURIAU-SUNBANK, Innovative Switchgear Designs, and Ulusoy Elektrik between 2019 and 2020. The requested information on these acquisitions have been entered into the attached spreadsheet.
- In February 2020, Eaton bought out Power Distribution Inc for an undisclosed amount. At the time, Power Distribution Inc's revenue was $125 million.
- Eaton acquired a controlling interest in Ulusoy Elektrik, it specifically bought out 82.275% controlling interest in the company for $214 million in April 2019.
- Innovative Switchgear Designs was acquired by Eaton in July 2018 for an undisclosed amount. At the time, the company had a revenue of $18 million.
- In January 2019, Eaton bought out Ulusoy Elektrik for $214 million.
After thoroughly searching across press releases by Eaton, company databases like Crunchbase, and reports by credible publications such as Business Insider, we were unable to find any acquisition deals by Eaton Wiring Device. Further research revealed that Eaton Wiring Device was previously known as Cooper Wiring Device. When Eaton Corporation acquired Cooper Industries in 2012, Cooper Wiring Device became part of Eaton. No acquisition data was found on Eaton Wiring Device specifically, we believe this is due to the fact that its all acquisitions by this division is done under its parent company, Eaton Corporation. As a result, we decided to provide Eaton's acquisitions after it acquired Cooper Industries in 2012 and Cooper Industries' acquisitions before it was bought out by Eaton.
Please note that since most of the companies Eaton acquired are privately-held, they did not release their sales/revenue while being bought out. In addition, Eaton kept the transaction details of some of its deals undisclosed, thus, details like the value of acquisition could not be found in the public domain.