Eaton to acquire Fibrebond for $1.4bn.

Eaton, an intelligent power management company, agreed to acquire Fibrebond, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility and communications customers, for $1.4bn. “Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data center market. Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enables customers to get up-and-running in less time and at a lower cost. This full-service offering allows us to better serve our customers amid accelerating demand,” Mike Yelton, Eaton President, Americas Region, Electrical Sector.