Power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng), which manufactures
The power management giant said the purchase of the Chinese business is expected to close in the third quarter, pending regulatory approvals and the satisfaction of customary closing conditions. Terms weren't disclosed. The Jiangsu Huineng business had revenues of $35 million in 2021.
The intelligent power management company Eaton, a market leader in solutions for large data centers, announced that it is building a new campus for its critical power systems in Vantaa, Finland, integrating