Eaton to spin off its Vehicle and eMobility segments.

Eaton, an intelligent power management company, agreed to spin off its Vehicle and eMobility segments. Financial terms were not disclosed. "The separation of Mobility advances Eaton’s bold new 2030 growth strategy to lead, invest, and execute for growth. Our team will have a sharpened focus on our core Electrical and Aerospace businesses, which are driven by powerful megatrends including in electrification, digitalization and AI, reindustrialization, infrastructure spending and growth in the aerospace after-market and defense demand. We are confident that Eaton is exceptionally well‑positioned to capitalize on opportunities to accelerate growth and margin expansion, and to create long‑term value for our shareholders," Paulo Ruiz, Eaton CEO.