Date: April 5, 2007
Eaton Announces Acquisition Of Aphel Technologies Limited
CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has acquired Aphel Technologies Limited. Terms were not disclosed.
Based in the United Kingdom, Aphel Technologies is a global supplier of high density, fault-tolerant power distribution solutions for datacenters, technical offices, laboratories and retail environments. The company has approximately 90 employees. In 2006, Aphel Technologies had sales of $12.3 million.
“The acquisition of Aphel Technologies expands our power quality and distribution offerings to customers in key European markets,” said Randy Carson, Eaton senior vice president and president - Electrical Group.
Eaton Corporation is a diversified industrial manufacturer with 2006 sales of $12.4 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 60,000 employees and sells products to customers in more than 125 countries.