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Date: May 18, 2007
Eaton Acquires Medium-Voltage Drive Business
CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today it has acquired the technology and related assets associated with SMC Electrical Products, Inc.’s industrial medium-voltage adjustable frequency drive business. Terms were not disclosed.
“This acquisition complements Eaton’s already strong position as a manufacturer of medium-voltage motor control products,” said Randy Carson, Eaton senior vice president and president – Electrical Group. “By incorporating this product into our power distribution and control assemblies portfolio, we will be able to provide our customers with a comprehensive solution to address their motor starting needs.”
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 61,000 employees and sells products to customers in more than 125 countries.