Eaton Wiring Devices Acquisitions

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Part
01

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.

SUMMARY

  • 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.

RESEARCH STRATEGY

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.
Part
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Part
02

Eaton Acquisitions 2

Eaton acquired Ephesus Lighting and Oxalis Group between 2013 to 2015. The requested information on these acquisitions have been entered into the attached spreadsheet.

SUMMARY

  • In October 2015, Eaton acquired Ephesus Lighting for an undisclosed amount. Eaton reported that it acquired Ephesus because its product portfolio was complementary to its connected lighting business.
  • Founded in 2010, Ephesus Lighting offers innovative indoor and outdoor lighting solutions to customers in several industries, including the entertainment and industrial sectors.
  • Eaton bought out Oxalis Group in February 2015 for an undisclosed amount.
  • Oxalis Group manufactures "security and communication solutions, including CCTV surveillance, perimeter detection, and access control systems for industrial, marine, and oil and gas installations."

RESEARCH STRATEGY

In order to gather the acquisition details of the companies Eaton bought out, we first examined its press releases. There, we found the specific reason it bought out these companies but it did not disclose how much it bought them out for or their worth at the time of purchase.

Next, we perused company databases like Crunchbase. This database was helpful in ascertaining when Eaton announced its acquisitions, but there was no mention of what the acquired companies were worth and what the acquisition cost Eaton.

We also looked at Eaton's annual report in 2015 and reputable publications like Biz Journals to no avail. Thus, "NA" has been entered for the information we were unable to find.
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Part
03

Eaton Acquisitions 3

In 2012, Eaton acquired Rolec Comercial e Industrial and Cooper Industries. The requested information on these acquisitions have been entered into the attached spreadsheet.

SUMMARY

  • In September 2012, Eaton acquired Rolec Comercial e Industrial, a Chile-based company for an undisclosed amount. Eaton stated that Rolec has strong customer relationships that will help boost its business.
  • Founded in 1991, Rolec Comercial e Industrial manufactures medium-voltage switchgear and integrated power assemblies. It also offers engineering services to the industrial sector.
  • In May 2012, Eaton announced that it was acquiring Cooper Industries for $11.8 billion. This is its largest acquisition ever.
  • Cooper Industries' revenue was $4 billion at the time it was bought out.

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Cooper Acquisitions 1

Before being bought out by Eaton, Cooper Industries acquired five companies: Fifth Light Technology, Hernis Scan Systems, Apex Lighting Controls, Mount Engineering, and Eka Systems. The requested information on these companies can be found in rows 10 to 14 of this spreadsheet.

SUMMARY

  • In February 2012, Cooper Industries announced that it was acquiring Fifth Light Technology for an undisclosed amount. The acquisition was finalized in March 2012.
  • Cooper Industries bought out Apex Lighting Controls, a UK based lighting company in December 2010.
  • Hernis Scan Systems, a Norway-based manufacturer of CCTV, was acquired by Cooper Industries in December 2010.
  • Cooper Industries acquired Mount Engineering in November 2010 for over $16 million.
  • In April 2010, Eka Systems was bought out by Cooper Industries for an undisclosed amount.
Part
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Part
05

Cooper Acquisitions 2

Fifth Light Technology, Hernis Scan Systems, Apex Lighting Controls, Mount Engineering, and Eka Systems were bought out by Cooper Industries between 2010 to 2012. The requested information on these companies can be found in rows 10 to 14 of this spreadsheet.

SUMMARY

  • Fifth Light Technology designs and sells digitally addressable lighting interface and a wide range of centralized building management software applications.
  • Hernis Scan Systems manufactures explosion-proof closed-circuit television (CCTV) systems for use in onshore and offshore petrochemical, oil & gas, and marine markets.
  • Apex Lighting Controls provides commercial, industrial, and smart home lighting controls, systems, and maintenance.
  • Mount Engineering manufactures and supplies "thread-converting adaptors and reducers that are “Ex Certified” for use in potentially explosive or hazardous areas." The company also sells and distributes industrial valves and actuators to the oil, gas, petrochemical and process industries throughout the world."
  • Eka Systems provides utilities with an "open-standards based wireless Advanced Metering Infrastructure solution that has capabilities such as automated meter reading, power outage detection, enhanced customer billing options and the ability to track and analyze usage data on a near real-time basis."
Sources
Sources