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New Deal


Announced

Eaton to acquire a 50% stake in the busway business of Jiangsu YiNeng Electric.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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China

Cross Border

Friendly

Majority

busway products

Acquisition

Private

Pending

Electronic Equipment: Other

Single Bidder

Synopsis

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Eaton, a power management company, agreed to acquire a 50% stake in the busway business of Jiangsu YiNeng Electric, an electrical equipment manufacturer. Financial terms were not disclosed. “YiNeng’s strong presence in China combined with Eaton’s broad product portfolio and access to Southeast Asia positions us well in the high-growth busway product category and strengthens our offerings to customers in the region," Howard Liu, Eaton President, Asia-Pacific Region, Electrical Sector and Corporate China.

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