Eaton Corporation purchases Swiss firm Rheodata S.A.
CLEVELAND, OHIO…Eaton Corporation today announced that it has purchased Rheodata S.A., a privately-owned company headquartered in Le Lieu, Switzerland, for an undisclosed amount. Rheodata manufactures hydraulic magnetic circuit breakers for the European market that are used primarily to protect commercial and industrial electrical equipment.
Rheodata S.A., which sells the majority of its products under the name Heinemann Rheodata, employs 110 people at manufacturing locations in Switzerland and Morocco, and had 1997 sales of approximately $13 million. Major markets for the company’s products include telecommunications and information processing systems users.
Eaton’s Commercial Controls Division (CCD) has had a working relationship with Rheodata, through a licensing agreement, since 1992, when Eaton acquired Heinemann Electric Company. Prior to that acquisition, Heinemann Electric Company had sold its European operations to private investors, who operated the business as Rheodata S. A. Today’s action effectively re-unites the two businesses within CCD.
Brian R. Bachman, Eaton senior vice president and group executive, Semiconductor and Specialty Systems, said, "Eaton Heinemann represents an industry standard for precision circuit breakers, and the merger with Heinemann Rheodata in Europe recombines into one team the Heinemann franchise in the United States, Europe and Asia. This combination allows us to better serve our global customers."
CCD is part of Eaton’s Semiconductor and Specialty Systems business, and manufactures and sells a wide range of electro-mechanical and electronic control product offerings. Products include a full range of toggle and rocker switches, illuminated and non-illuminated pushbutton switches, power tool controls, specialty switches, and hydraulic-magnetic and thermal circuit protection products.
Eaton Corporation is a global manufacturer of highly engineered products which serve industrial, vehicle, construction, commercial and semiconductor markets. Principal products include electrical power distribution and control equipment, truck transmissions and axles, engine components, hydraulic products, ion implanters and a wide variety of controls. Headquartered in Cleveland, the company has 51,000 employees and 150 manufacturing sites in 26 countries around the world. Sales for 1996 were $7 billion.