Eaton completes purchase of Cobham plc's aerospace fluid and air division
CLEVELAND ... Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today it completed its purchase of the aerospace fluid and air division of Cobham plc. The transaction was announced September 13.
The aerospace fluid and air division of Cobham plc had 2004 sales of $210 million and EBITDA of $26 million. Cobham's fluid and air division includes FR-HiTemp, which provides low-pressure airframe fuel systems, electro-mechanical actuation, air ducting and hydraulic and power generation, and Stanley Aviation, which produces fluid distribution systems for fuel, hydraulics and air.
Eaton Corporation is a diversified industrial manufacturer with 2004 sales of $9.8 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 58,000 employees and sells products to customers in more than 125 countries.