Announced
Completed
Financials
Tags
Acquisition
Domestic
United States
Electronic Components and Equipment
Private
Single Bidder
Friendly
power quality products
Majority
Completed
Synopsis
Eaton, a power management company, completed the acquisition of Tripp Lite, a supplier of power quality products and connectivity solutions including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas, for $1.65bn. "The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business. We look forward to welcoming Tripp Lite to the Eaton family," Uday Yadav, Eaton President and COO.
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