Announced
Completed
Financials
Sources
Tags
United States
electrical connectivity components
Completed
Acquisition
Electrical Components
Domestic
Friendly
Single Bidder
Private
Majority
Private Equity
Synopsis
Eaton, a power management company, completed the acquisition of Royal Power Solutions, a US-based manufacturer of high-precision electrical connectivity components, from Industrial Growth Partners, a private equity firm, for $600m. "Growth opportunities tied to the electrification of our economy are accelerating, and Eaton is fully participating through our mobility and electrical businesses. And the addition of Royal Power Solutions enhances our ability to capitalize on this secular growth trend across our eMobility, aerospace and electrical businesses. We are excited to welcome Royal Power Solutions to Eaton," Heath Monesmith, Eaton President and COO, Industrial Sector.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.